I probably should acknowledge Chris1983 for this new title. I used his slides. Should also declare that I own both arl and auz.
I think the 2 slides below sum up exactly were we stand with ARL and despite the recent rise it re-emphasises how undervalued ARL is in comparison the clq in particular.
CLQ- market cap of 955 mill. One mine and similar size high grade resource to Arl, ignore water assets, But 62 mill cash
ARL - market cap of 117 mill. One mine similar high grade resources, but huge lower grade which may still be financial viable ? 12 mill cash
AUZ- market cap before potential share placement, market cap of 230 mill, one similar ore body similar to arl and clq plus the other half of clqs syerston. Cash on hand 5.5 before share placement.
On the surface I think arl should be at least 1/2 the value of clq I guess the unknown is AUZ given its 2 mines as this is also undervalued in relation to clq.
Bottom line
Arl should be worth at least 500 mill, 5 times it’s current value
Love to know your thoughts?
I probably should acknowledge Chris1983 for this new title. I...
Add ARL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
69.5¢ |
Change
0.040(6.11%) |
Mkt cap ! $138.6M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 69.5¢ | 56.0¢ | $363.8K | 598.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34342 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.5¢ | 1399 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
67.5¢ |
Change
0.040 ( 0.75 %) |
||||
| Open | High | Low | Volume | ||
| 62.0¢ | 67.5¢ | 56.0¢ | 183666 | ||
| Last updated 15.47pm 03/05/2024 ? | |||||
| ARL (ASX) Chart |