ARL chart, page-636

Frankly our first study “sucked (markets words not mine as evidenced by 50 percent drop over next week)”. Now that we effectively have a do over with the other large deposits through with their studies and what not and no new studies upcoming (auz being the exception) ppl want to buy into the cobalt story. Either u but the great mine with great potential but with a disgusting Capex number or a sulphate mine with small Capex but after 10 years good luck and an unknown in AUZ which the market will hate just based on precedent on other companies. U need to buy someone and with the lack of volume and buys on CLQ and COB evidently it’s not going to be them. It comes down to ARL, CLA, or AUZ.