Just a couple of other things to add to the mix. We not only have a massive injection of scoping work since Vale days, we also have minerals that were not given any credit then. Vale was only interested in Nickel. And there was high demand for it at that time. That demand is way down; however, demand for Cobalt is high and probably the biggest driver of the project right now. Then there is the Scandium, which is like a mystery prize. If the market develops for it, it will be our second biggest resource asset to Nickel - Cobalt will be third.
Then there are the tenements outside of KNP, that are new to the portfolio. Anyone who is on the blower to WA will tell you that there is some excitement about our gold prospects brewing. Which is why Matt is now focused on that.
So, back to the original question, (and thanks for the summation of the Vale deal RED), what would we think if a company owned 60% of KNP, funded the plant and ongoing exploration, while restricting our debt liability to 4.5% of the capex, and then paid commercial rates for the off-take? Would that catch the market's interest and what would the value of KNP rise to then?
BE
ARL Price at posting:
71.5¢ Sentiment: Buy Disclosure: Held
(20min delay)