ARL 3.30% 47.0¢ ardea resources limited

Ann: KNP Goongarrie Hub Ore Reserve & PFS, page-33

  1. 585 Posts.
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    Footnote 3 on page 1 of the announcement has US$60,000/t for the cobalt price input to the financial metrics and directs you to Section 14.
    It's not a good look going to Section 14 (page 46 (page 52 of the announcement)) and finding US$50,000/t as the cobalt price assumption. A Freudian slip maybe, with the interference being chopping and changing during the debate about the price to use. For my bob's worth, I would have preferred US$50,000/t to have been used.
    Still checking this one out but generally liking what I see.
 
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