I have been banging on about this in a few comments recently, you have to look at cut off grades when companies are talking about the size of their resource.
CLQ investor presentation says they get the 132kt contained cobalt and 593kt nickel, using a 0.06% cobalt cut off grade - http://www.cleanteq.com/wp-content/uploads/2016/12/CLQ-2017-AGM-Presentation-web.pdf. look at table three here and you see this goes to 111kt cobalt at 0.08 cutoff and 93kt at .1 cut off for cobalt - http://clients3.weblink.com.au/pdf/CLQ/01905558.pdf
ARL is currently at ~ 81kt contained cobalt using 0.08 cutoff with more work to do remodelling old assays and 110,000m of RC drilling to be done.
Note when ARL did cobalt upgrades on Goongarrie south and Big Four, this yielded an additional 24,000kt of cobalt
https://www.ardearesources.com.au/downloads/announcements/arl_2017062801.pdf
I think we will end up matching or exceeding CLQ once all our drill work and remodelling is done for PFS.
Largest cobalt resource with lowest valuation, page-2259
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