ARL 1.05% 48.0¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-31

  1. 3,881 Posts.
    Yes, but if you need to spend $500 mill to build a plant of economic scale to process it, that is a big ask for a company with a market cap of $50 mill.

    And if it can be done, can it be done quickly enough to catch the market and beat out competitors? Could be a 3-4 year exercise easily.

    I am only lightly researched here currently, so not saying it can't be done, but the resource is only half the picture.

    Turning that resource into a saleable commodity is the other half and I would like to understand the plan for this aspect.
 
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