ARL 5.21% 50.5¢ ardea resources limited

Ann: Outstanding PFS for the Goongarrie Nickel Cobalt Project, page-142

  1. 54 Posts.
    in the PFS of CleanTeg, they said:
    "Cobalt price assumption US$12.00/lb"
    " Based on bank/broker long-term consensus market pricing for metal content only. Does not account for or include sulphate product premiums that are typically paid in the market to produce battery-grade nickel and cobalt sulphate"

    and "cobalt hexasulphate contains 20.97 % cobalt ". cobalt hexasulphate is common complex of Cobalt sulphate

    So CleanTeg has Cobalt sulphate price assumption is 12 * 100/20.97 = US$57/lb

    Cobalt sulphate price US$41 /lb of ARL is more realistic than US$57/lb


    Dr Matt is academic guy, he tried to be honest as much as possible.
    Last edited by forestgump85: 29/03/18
 
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