ARL
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20.0% 45.0¢ ardea resources limited

Ann: Lewis Ponds met testwork produces high grade concentrates, page-31

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  1. NegativeInvestment
    1,150 Posts.
    lightbulb Created with Sketch. 51
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    27/11/18
    12:05
    Post #: 36652524
    The average capex for a 10MT open pit is a bit over $100M.  What makes you think it can be done for $50M?  Opex is also going to be high for a sulphide mine purely due to the multi-metallic nature.


    ARL Price at posting: 67.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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45.0¢ 		Change
0.075(20.0%) 		Mkt cap ! $84.86M
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