1. What? It's in your own presentation here: Page 13/15....

1. What? It's in your own presentation here: Page 13/15. (http://clients3.weblink.com.au/pdf/CLA/01956729.pdf) . You're primarily a copper company, with cobalt-sulphate by-product proposed. It makes little sense to actually build the infrastructure there, and makes a lot more sense to ship concentrate out. Copper metal may be your main production.

2. With a 5.2 year or so payback on the mine, and processing plant, the CAPEX and IRR is fine, and has a NPV of $1.4B . Nothing wrong with those figures. This constant harping on about ARL being too expensive is stupid, it's a huge resource beyond the GNP itself.

See Page 8:
https://ardearesources.com.au/downloads/presentations/arl_p2018050901.pdf

I won't even mention ARL's zinc/gold/copper projects, as it is not a one-trick pony.

Most of those resources are all pointing up in terms of demand at present. With the lack of recent exploration projects and projects delayed / coming online, demand will likely increase in the medium term.

ARLs processing train will likely be looked at above 2Mtpa also. They have to go in low at present to ensure funding at 1.0 - 1.5. That is a BIG increase in production figures and profitability / efficiency.