ARL 2.38% 43.0¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-1310

  1. 4,582 Posts.
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    Nozza, my 30% usage (or there about). Let's take CLQ for eg. As at $12 per pound Co they forecasted a $2 credit from the Co. , evidently by-product - main game was/is nickel. As at current price fluctuation the economics of cost does not change (of course they were C1 so I'll rope-a-dope myself there), and maybe a little due to exchange rates yet from memory they used 75c conversion, currently 76c so immaterial. All of a sudden the credit is ~$16, against C1 for CLQ. That's close enough for me. The product is similar in nature, can't wait for testing results also.

    Also I have great admiration for the ARL thread, well done all - looks like mosquitoes have been squished !

    NL.
 
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