For explorers, valuation highly relies on the in ground value.
Based on previous studies (latest 2014), ARL didn't have a good economic sense. But, currently proposed PFS is focusing on Cobalt to mine 2mtpa @1% Nickel & 0.15% Cobalt, which could produce 20k nickel and 2,000 - 3,000 contained cobalt.
This implied annual revenue over $400m at today's spot price of nickel & cobalt. It could be making good profit, imo.
The nearby plant, could be another opportunity to make ARL at a better position if ARL could make some deals with them.
DYOR.
Cobalt $49500, page-10
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Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $89.85M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 47.0¢ | 45.0¢ | $16.56K | 36.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 99847 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 12116 | 1 |
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| Last trade - 15.56pm 02/08/2024 (20 minute delay) ? |
| ARL (ASX) Chart |