I actually have been eyeing ARL for few months and have researched it quite abit. I know they have massive nickel deposit and one of the top10 in the world actually but unfortunately it’s laterite deposit which is quite expensive to mine. For people who don’t understand they need to reseach nickel sulphides vs nickel laterite.
The recent results is about nickel sulphides which the market really liked and a lot of pumpers jumped on it. But I think it’s very narrow and the recent DDH3 was drilled in a known vein next to DDH2. Hope they do find something substantial there as it is open along strike. But that’s a big bet at this stage. Someone making claims that “monster in a making is simply pumping it”. Good luck to the long term holders. Wish you the best.
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I actually have been eyeing ARL for few months and have...
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