ARL 4.44% 47.0¢ ardea resources limited

Ann: Kalgoorlie Nickel Project - Additional Tenure Purchase, page-3

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  1. 4,825 Posts.
    lightbulb Created with Sketch. 925
    Great Ophir is part of the new land?
    Ophir or Sophir in the Greek translation from the Hebrew is the source of Solomon’s wealth in the bible.

    The most recent research into that shows that his mines were actually copper mines, not gold, but it appears it will be gold and nickel for us.

    Our new neighbours at horizon minerals have only recently bought the piece of land that sits on the SE side of this purchase. They seem quite confident there is decent gold there and hey- this is all in proven gold territory.

    This purchase has the potential to shore up the nickel for Goongarrie and more gold for the proposed KAL IPO ( KAL will get the rights to any gold ).

    Good for both the avenues of development & of realisation of value for the shareholders.

    Goongarrie and the KNP appear to be the main focus of effort now which is really good. That is what many of us came for and it’s really great to see the final form of the giant steadily emerging.

    Well done to management. Once we get past the tax time sales period of June here in Oz I think the SP will range higher again off what is showing itself as a solid base when we view the last couple months trading action. Even our 52 cent friend has removed their offer to protect those shares from being sold.
 
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