ARL 4.00% 52.0¢ 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.
 
watchlist Created with Sketch. Add ARL (ASX) to my watchlist
(20min delay)
Last
52.0¢
Change
0.020(4.00%)
Mkt cap ! $103.7M
Open High Low Value Volume
50.0¢ 52.0¢ 48.5¢ $75.72K 150.8K

Buyers (Bids)

No. Vol. Price($)
1 5000 46.0¢
 

Sellers (Offers)

Price($) Vol. No.
52.0¢ 37329 2
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
ARL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.