I dont think ARL will ever catch up to CLQ unless the entire KNP becomes economical thnks to Ni and Co price growth, however that is not to say they both will not become 1bn+ companies in their own right.
I believe Robert Friedland has been quoted stating he fully expects CLQ to surpass Ivanhoe Mines (MC $3.3bn AUD) in the future.
There is plenty of room for the future.
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