ARL 0.00% 43.0¢ ardea resources limited

Ann: Outstanding PFS for the Goongarrie Nickel Cobalt Project, page-136

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    It's not mate. If you think the company is quoting c1 or AISC per pound but will produce 4.5-5c sulphate from that, you're nuts. The EBITDA would be dramatically higher and the NPV through the roof. Costs include processing into sulphate per pound of sulphate. That's not a go at prawnman but what he illustrated is not the case. Management will confirm that.
 
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