ARL 6.11% 69.5¢ ardea resources limited

I know IGV isn't worth too much on its own. However for a miner...

  1. 66 Posts.
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    I know IGV isn't worth too much on its own. However for a miner that can economically extract resources, 1% IGV to MC seems to be a number that few people could argue with.

    So, just as a ball park Market Cap figure that makes sense to me without (hopefully) being a blue-skies ramper, 1% of $200B is there or thereabouts IMHO as a decent and probable MC in the future. Pick your timeframe.

    This is based on the premise that Nickel does in fact continue to rise, Cobalt doesn't tank (<50%, how can it?), and that we find and can utilise the other useful minerals amongst the Nickel-Cobalt we mine.

    And our gold, spun off or not, must add a little more to that also.
 
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