$26 billion in ground value. Researc has shown that the average takeover value of in ground resources is 5% of resource value. So conservative valuations start around $1.5 billion. A bit of scope for share price growth! Big customers and investors will put large defined resources such as adea with low geopolitical risk in their short list. ARL seems low profile but would be in under review by some big players right now.
Ann: Resource Upgrade at KNP Cobalt Zone delivers 108M tonnes, page-32
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $79.87M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $17.98K | 46.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76960 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 72533 | 3 |
View Market Depth
| Last trade - 14.08pm 08/11/2024 (20 minute delay) ? |
| ARL (ASX) Chart |