ARL 6.11% 69.5¢ ardea resources limited

Ill stick to page 19 as my favorite, Im glad they provided...

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    Ill stick to page 19 as my favorite, Im glad they provided official figures at low spot prices (The lowest I have seen in some time).

    I would recommend everybody compare these figures to CLQ comparision I posted in the valuation section yesterday and this will show you how far ahead ARL really is.

    The figures in the comparision for CLQ will be different to their DFS as they assumed a tax rate which doesnt even exist yet (25%).

    We are also using a 20% contingency compared to 10-12% for our PFS/ CLQ DFS ect. Next two announcments I would expect weeks 1-2 of August.
    -Production Samples shipped
    -Resource upgrade to justify the 2.25 mtpa throughput.
 
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