ARL 1.11% 44.5¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-46

  1. 3,133 Posts.
    lightbulb Created with Sketch. 551
    And exactly why the old company (re-branded with lipstick) sat on this ore.

    Look at their prospectus - $2.8B CAPEX!!!!!!!!!!!!!!

    Oh sure, they're talking about alt flow sheet processing to bring down costs....well, tell us how much... $100M less, $200M, $1B....what?

    Economies baby.....but like that matters during euphoria and wild speculation.
    Last edited by DonaldFrump: 27/02/17
 
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