ARL 3.23% 48.0¢ ardea resources limited

Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-315

  1. 2,287 Posts.
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    @@Mick91 Lower, because if it becomes mainstream the price would go down. Look at the history of aluminum to get a bit of an idea where it might end up. It reminds me of the early days of that.

    The insane value of ARL is not even really in this deal. It's in this deal giving ARL the capability to access the other 50% of the resources we never farmed out without being subject to predatory financiers at all. Over 50 billion in ground value there off rough napkin math (someone correct me if you remember the better figures).

    Imagine us self-funding a capex on the other half with our profit and experience from the KNP.
    Last edited by Giovanni33: 05/05/24
 
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