ARL 5.97% 71.0¢ ardea resources limited

100%market remains asleep.base case is 2x 1.5Mt with the 0.5Mt...

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    100%

    market remains asleep.

    base case is 2x 1.5Mt with the 0.5Mt ancillar circuit.

    this is going to be 35,000t/pa + you would think, a true mega project.

    and they have telegraphed strategic partner input to the pfs which means partners want that scale

    and if they want that scale, they will want 25yr++ mine life

    ergo, the ore reserve upgrade is going to be enormous if my logic above holds

    with strategic partner deal being done on project value not company value, dilution risk is minimised

    insane upside remains here.

    note I've held since ipo and accumulated ever since now nudging 800,000 shares across accounts


 
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Last trade - 16.10pm 07/05/2024 (20 minute delay) ?
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