ARL 2.13% 46.0¢ ardea resources limited

I just looked at the previous scoping results. It's based on...

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    I just looked at the previous scoping results. It's based on $9/lb ni and $15/lb cobalt
    annual production of 19500 tons of nickel and 900t of cobalt. For a capital cost of 660 million. It seems to me like it's currently underwater at current prices of $5/lb and $25/lb. I think to state what is in the ground is very misleading considering the huge costs it takes to dig it up. Is there something that I am missing? Do you think that there's a chance that it'll do better than CLQ's pfs?
 
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