ARL 2.91% 53.0¢ ardea resources limited

Ann: Japanese Consortium Update on Progress on KNP Goongarrie Hub, page-131

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    Yes looking forward to the final breakdown of the deal. I feel the original narrative was JC would fully fund DFS I may be mistaken, anyway with one partner dropping out and perhaps management wanting to maintain a certain percentage we need to pitch in or perhaps that was always the case.

    I think you’re right on the costing, at some point I think a number of 40 - 50 million was mentioned but I have not been able to find where I read or heard it.

    Ardea JV announcement is definitely going to be big news on the global mining front, it may not nudge the sp dramatically initially but will be on many people’s watchlist’s ready to pop.

 
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