ARL 1.08% 46.0¢ ardea resources limited

Ann: Lewis Ponds met testwork produces high grade concentrates, page-24

  1. 412 Posts.
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    Hello all,

    The biggest investors in ARL were committed to the company before KNP became hot property. The first mention of cobalt was in December 2016, after the first prospectus was released. I committed myself based on the Lewis Ponds project alone. Ian ran the numbers with me, and it was very compelling. Ian was very excited about it, and believed it had the potential of Woodlawn, which at that time was worth about $300 million. 

    So I can't value it now, but it's prospects are no less valuable now. Just some food for thought.

    BE


 
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