Hey Chris, one of the posters on the AUZ board made this comment:
Post #:28462632
Ardea has a strip ratio of 2.68 : 1.0. So they have to move almost 3 tonnes of barren dirt to be about to extract 1 tonne of ore. That means that only 25% of the earth they move is mineralised. Hence their mining costs would be significantly higher than AUZ or CLQ.
Have you given consideration to this in your thinking, with regards to valuation?
ARL vs AUz vs CLQ, page-4
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