Australia's largest stock trading and investment forum Australia's #1 stock forum

ARL

Click for more information

1.05%

48.0¢ ardea resources limited

I think the largest appeal to me is that we are hedged on these...

First 30 Last

Share
Profile

Follow
LBonge

301 Posts.

10/01/18

13:18

Post #: 30192233
Share

Originally posted by Kablooey ↑

A good find and thanks for sharing it.
Now- can those who keep thinking we only have $10billion worth of resources do some simple math?
To get you started, just do one calculation;
400,000 x 75,000 = ( I keep that 75,000 number in AU$ in my head to keep things on the conservative side ).

Now, come back and share what that figure, just the cobalt on it’s own, forgetting the scandium, nickel, zinc, crysophase and the others.

Primary school math teaches that 400 x 75 gives us 30 something- tilt your phone sideways to get all the zeroes as there 10 of them.

Then remind yourself- ‘that is just the cobalt!’

These deposits will see many of us all the way to retirement, if we wish to stay on board.

Once again I realise why I’ve stayed on board all year, regretting any large sale but always doing well over time with my second & third, much smaller, parcels which I trade sometimes week in week out to pay the bills.

Expand

I think the largest appeal to me is that we are hedged on these metals against cobalt failing to capture the EV market beyond 5-10 years time.

ARL Price at posting: $1.66 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

AHK

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

World Gold Council says market in want of catalyst; flags Asia sell-off risks. Then there's Trump

SS1

Sun Silver to kick off drilling next week at 292Moz Maverick Springs silver-gold project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 435 more messages in this thread...

First 30 Last

Add ARL (ASX) to my watchlist

(20min delay)
Last 48.0¢		Change 0.005(1.05%)		Mkt cap ! $96.84M

Open	High	Low	Value	Volume
48.0¢	51.0¢	48.0¢	$18.16K	37.07K

Buyers (Bids)

No.	Vol.	Price($)
1	3171	48.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.5¢	122	1

View Market Depth

No.	Vol.	Price($)
1	3171	0.480
1	6667	0.475
2	4433	0.470
2	20000	0.465
1	2000	0.460

Price($)	Vol.	No.
0.485	122	1
0.490	9080	2
0.495	5137	4
0.500	7194	3
0.510	5942	1

Last trade - 15.51pm 03/07/2024 (20 minute delay)

ARL (ASX) Chart

SPONSORED BY