Ann: Nickel sulphide exploration commences at Perrinvale Project, page-18

Thanks to @pgrace.
Check out his post on the recent SGQ drilling results right over our fence: https://hotcopper.com.au/posts/39657310/single

ARL is not a one trick pony but a Resource Kraken. Every single of these plays has multibagger potential. That is my rational for holding such a large parcel of ARL.
It is a diversified holding in itself.
Importantly, ARL has a cost effective and prudent management that has some real skin in the game.

If you look back at how Ian and team has structured the IPO with the loyalty options program and now the upcoming Godolphin IPO, it has one big headline written over it:
Minimal SH dilution for maximum value realisation.
Tough nut to crack for institutional late comers and greedy brokers to skin us.

11Mil in the bank at a 2Mil/quarter cash burn.
GODOLPHIN IPO Q4 will provide new funds and probably provide lift to ARL SP via free in spec shares taken up by some smart cookies (the equivalent of a ~18% dividend)!

GLTALTH