Ouch! A bit over 3.5 times our projected cost?! That’s… painful....

Ouch! A bit over 3.5 times our projected cost?! That’s… painful.

Here’s another note that clearly shows why some avoid talking about ARL- Mr. Selby of Canada Nickel ( the guy in the informative Crux investor videos ), says that 0.4% contained nickel is ‘higher grade’!

https://www.mining.com/canada-nickel-makes-new-discovery-at-newmarket-drills-0-4-nickel-at-reid/

So what does that make ARL’s 0.7~% if we use the same language? Fantastic? Awesome?
We used a 0.5% cut off. How many tonnes would Canada Nickel’s projects mentioned in the above story have? Zero.

Meanwhile ARL has 6,000,000 tonnes using that 0.5% cut off:
https://ardearesources.com.au/downloads/announcements/arl_2023063001.pdf

Of course with the higher grade ( again- using the same language.. amazing grade? ), Goongarrie hub having 1,300,000+ tonnes at 0.7% !

https://ardearesources.com.au/downloads/announcements/arl_2023070501.pdf

It’s not hard to see why we get such good support in the market even when the headlines are bad for the nickel sector.

To be clear I wish Canada Nickel all the best but when doing talks about the sector as a whole to promote 0.4% at a 40~% higher projected cost ( our $5,700 vs their $8,000 ), while almost completely ignoring us really does come off as biased analysis.

One positive for us? It really helps investors understand why Sumitomo is likely to back us. They’ve bought in to FPX. Our grade is up to 75% higher ( 0.4% vs 0.7% ), & our costs are of course 25+% lower ). Yes, I’ve said these things before but it’s important to realise that many newer readers don’t go back to older posts.

That goes for most media outlets too. It’s almost as if projects have to be bad for the environment/local people ( Indonesia/Africa etc ), or in a popular region ( the Americas ), to be mentioned/promoted.

Oh well. More profits for those of us who don’t have a bias!

Environmental impact. Grade. Cost.
Those are what matter to me & if they matter to you, dear reader, then all the best in your investing adventures.
Most sincerely!