ARL 2.50% 39.0¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-1891

  1. 381 Posts.
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    The story keeps getting better. Nickel is on a resurgence again. We have significant Scandium. Cobalt looks headed for new highs because Bernstein says there isn't enough Cobalt worldwide for more than 35% of EV penetration worldwide. Bottomline - the economics of the project will keep improving - and substantially. We are also now adequately cashed up, so no unnecessary dilution. At ~US$80m EV, we still remain awfully cheap. We should be $2-3 by YE 2018.
 
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