Largest cobalt resource with lowest valuation, page-27

i might lock in profits in 12 months. it aint going back to 20c i wouldnt think. Id also like the loyalty shares on offer in May.

A four to six week drilling program is expected to commence in March.
Ardea’s initial focus is on the highgrade portions of this deposit, known as the KNP Cobalt Zone

The current scoping model is to target up to 2 Mtpa of ore production aiming for an initial cobalt production grade 0.15% cobalt and around 1% nickel.

So as a modest initial cobalt production scenario 2 Mtpa x .0015 x 47000USD x 1.3 = 183,300,000.00 AUD
per year
and the 1% nickel on 2 Mtpa x.01 x 10,000 USD x 1.3 = 260,000,000.00 AUD

= up to $443, 300,000.00 per year based on 2mill tonnes of production
have i a decimal place wrong?