ARL 0.00% 40.0¢ ardea resources limited

Ann: June 2023 Quarterly Activities and Cashflow Report, page-5

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  1. 240 Posts.
    lightbulb Created with Sketch. 31
    The project is estimated to generate2:
    o Pre-tax NPV7 of A$7,625M and IRR of 30%
    o Post- tax NPV7 of A$4,980M and IRR of 23%
    o Average Annual EBITA of A$800M............ x 40 year minelife.

    All for $120M. Am I dreaming, Am I missing somethink.
    How can this be so cheap?
    IMO
 
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