Its quite evident that Ardea are on a win/win situation regarding the nickel sulphide discovery at Emu Lake. We can do with the 'nickel sulphide' to enhance our 'laterite processing' & any excess of sulphides would stand us in good stead for another diversification (a la KAL / GRL) or a joint venture. Either of, will be of benefit to all of us!
It seems that a fair bit more drilling will be required to hopefully unearth even higher grades (ie. such as 'Silver Swan') for us to really benefit. But we certainly have a great starting percentage! We must also be mindful of Managements need to maintain its prudence with regard to expenditures. After all, our priority target is 'laterites'. All the rest is cream!
I'm sure Management know what their doing, it would be ever so nice if it was quicker eh?
And just another note, @MotorcycleMan posted the article on the 'Rare Earth's refinery' etc., - that's another feather in WA's hat & should benefit miners like us as well!
All bodes well for a great 2022! (IMO)
(*Just biding my time to get my hands on some more - the fundamentals just keep getting better!)
GLTAH's
ARL Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
(20min delay)