Pertinent market/industry news/articles, page-440

BE
I did post some figures here on 27th May 2018 - post number 33328553 as follows;


Sally_Will said: ↑
xGenisis - RED328-schmunzel75 & other holders interested.

I can't vouch for 100% accuracy but I have had a go.

The following figures are based only on what we know or as announced by Ardea.
The calculations are reasonably accurate, others may have a different perspective and for those that don't hold any ARL shares, then don't tell us that in ground value is of no importance. The one thing the ARL - IGV does is, it dwarfs most others.
It is far better to have an IGV than nothing at all. It is a starting point and even IGV's are sold.

Using the 2017 Annual Report for Ni - Co (703 M/t @ 0.05% Co and 0.71 Ni) and the 15th February ASX announcement for 35 g/t Sc (at a bit of a guess Sc value for intervals of >0.5% Ni.
Current Sc price is $4,200/kg, but once KNP is producing Scandium then it alone would account for current world consumption each year, so again, on a guess, assume Scandium price plummets to
$1000/kg.

Cobalt IGV. = AU $ 48,000,000,000
Nickel IGV = AU $ 101,000,000,000
Scandium IGV = AU $ 55,000,000,000


Un reported Co, Ni, Sc - TBA by ARL
Other metals -TBA by ARL

Total In-Ground Value so far = AUD$ 200 billion + That's world class by any yardstick.
ARL trading at 0.07% of in-ground value.

Calculations based on AUD @ .75