Ann: KNP Cobalt Zone - Australia's Premier Cobalt Resource, page-12

Hey traydor,

I beg to differ but you are not really correct in your posts you have not fully considered the full equation.

You need to consider what to do with the acid and more importantly the cobalt on its own might fetch $30 p/t less costs (mining, float, rehab etc) whereas Ardea / Heron would have a profit of say $130 p/t as a result of cobalt and nickel - less costs.

The profitability is far greater for Ardea and if you doubt what I have posted (in rough figures) then contact the company yourself. www. ardearesources.com.au