ARL chart, page-1755

Pricing has been covered on ARL threads as has Laterite vs Sulphide.

At current metal pricing, ARL does $380m ebitda (AUS) on the ~ $1.2b capex. Cobalt price is a non-issue here. Maybe for some of our peers that are more cobalt and/or scandium dependant, or who are seeking offtake as a pre cursor to 3rd party finance, current metal pricing is an issue.

Metal pricing is a non-event for strategic partner as the deal we are seeking is likely a replica of Heron deal, with 60% of the project being sold for 95% of the capex. EVs will be supply constrained, not demand, so all that matters here is the macro strategic overlay to the EV and metal story.

On laterite vs sulphide, of course Giga will make those comments lol, they are competing for the same strategic partners. Goongarrie sth is limonite/goethite - https://en.wikipedia.org/wiki/Lateritic_nickel_ore_deposits

Just for a laugh a chart on the chart thread - higher lows, higher highs, 50 day move above 200-day, RSI shaping to bottom, volume drop as 50-day returns to 200 converging on the historically relevant 50c reistance/support.... definitely no signs of trend reversal here folks, best to move on and chase 10% returns on lucky trades somewhere else