Long ARL, long term outlook.
The headline of this thread is still completely valid: largest cobalt resource, lowest valuation.
ARL is a winner eventually, patience required. I also like the low-key and organized approach of managment.
I have a strong point of view on the importance speed to production in cobalt, and wrote a lengthy post on it under CLQ. With respect to this factor, IMO, it would be better if ARL were closer to production, but since AUZ take-off is fully committed even if they get rapid financing, ARL has a decent shot at being second to market with uncommitted cobalt, and I think they would benefit greatly from this if they can achieve it.
Flippa01 has made several knowledgeable posts concerning construction times and he has deep first-hand knowledge pertaining to laterite nickel operations. It seems that 2-2.5 years is absolute optimum from the point of a FID, assuming rapid financing.
Largest cobalt resource with lowest valuation, page-2408
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46.0¢ |
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-0.005(1.08%) |
Mkt cap ! $91.85M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 45.5¢ | $23.69K | 52.04K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9327 | 45.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 4546 | 1 |
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