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85.0¢ ardea resources limited

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ebner

331 Posts.

64

02/03/18

17:56

Post #: 31490047
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Originally posted by Jskl76 ↑

Well, speaking from an impartial point of view (and it is hard to do so being an ARL holder!), Cobalt 27 does have an upper-hand over an explorer or even a miner producing cobalt. That's because the cost of physically storing cobalt should theoretically be much cheaper than exploring/mining/refining the material.
Furthermore, due to the unusual difficulties involved in producing the material itself (ie. that it is mostly produced as a byproduct of another material, thereby creating a dependency on the price of the other material), the idea of simply holding the material during a time when the price of the material was going up was pure genius, to be honest.

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It was genius when they were buying at below $20, but now they have to pay close to $40, while CLQ will be digging it out of the ground for about $4 for the next 20-40 years.

Last edited by ebner: 02/03/18

ARL Price at posting: $1.29 Sentiment: Hold Disclosure: Held
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0 Great analysis

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