Largest cobalt resource with lowest valuation, page-18

Sometimes, gaps are not necessary to be filled, especially for a undervalued stock based on the fundamental perspective.

2016, was dubbed as the 'Year of Lithium'.
2017, some call it will be the 'year of Cobalt'.

Every stock with 'Cobalt' is given good valuation at the moment, some without any defined JORC resources, are currently valued at much higher than ARL which has Australia's and the developed world's Largest cobalt resources!

Few very simple merits of ARL:

- JORC defined resources: 386,400t - Australia's and the developed world's Largest cobalt resources! Three times of CLQ's cobalt resource.
- In ground value of KNP resources: $98 billion (CLQ:$44 billion)
- Lowest valuation comparing with peers, Enterprise value is only at around 1/10 of CLQ (Although both are different but quite similar re Nickel & Cobalt)
- No country risk, located in WA with excellent infrastructure.
- Have approximately $5m cash at the moment, no CR risk for the medium term.

DYOR.