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45.5¢ ardea resources limited

to each their own. Nickel is 2x our cobalt revenue, base off PFS...

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the squash

2,808 Posts.

753

21/03/19

14:31

Post #: 37840026
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Originally posted by ebner: ↑

folks our Nickel revenue is 2x our cobalt revenue. So something to bear in mind, if Nickel moves 10% above our pfs assumptions, cobalt can be 20% below our bfs assumptions, and it doesn't affect our financials. Nickel moves 20% up, cobalt can move 40% down. And so on.

Squash: Not the right way to think about it, IMO. To say nickel revenue is 2X cobalt revenue is completely dependent on prices. There was a time not too far ago that nickel and cobalt revenue would be about equal. As the prices of these two commodities change, the relative values change. The right way to interpret it, IMO, is Ardea will produce 8X more nickel than cobalt, by weight. So every $1 increase in nickel price will neutralize an $8 decrease in cobalt price, and every $8 increase in cobalt price will neutralize a $1 decrease in nickel price. Of course what we are all counting on is they both go up significantly for bonanza times.

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to each their own. Nickel is 2x our cobalt revenue, base off PFS price assumptions - a lot of posters here comment on and off about where market pricing is at, relative to our PFS assumptions, so I think its useful to think in those terms

ARL Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
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Last 45.5¢		Change -0.005(1.09%)		Mkt cap ! $91.85M

Open	High	Low	Value	Volume
46.0¢	46.0¢	45.5¢	$5.166K	11.34K

Buyers (Bids)

No.	Vol.	Price($)
2	9304	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
45.5¢	2	1

View Market Depth

No.	Vol.	Price($)
2	9304	0.450
1	42000	0.440
1	20000	0.435
3	12200	0.420
1	25000	0.405

Price($)	Vol.	No.
0.455	2	1
0.485	10000	1
0.490	4680	1
0.500	11258	1
0.510	2192	1

Last trade - 15.15pm 29/07/2024 (20 minute delay)

ARL (ASX) Chart