ARL 0.00% 85.0¢ ardea resources limited

Appreciate your depth of knowledgeclock work.a project I believe...

  1. 354 Posts.
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    Appreciate your depth of knowledge
    clock work.
    a project I believe by early April gets de risk
    a lot.
    I value this asset differently
    i place value on knowledge and money spent
    to achieve that.
    ian got all the vale information
    DFS spend 40 million in 2008.
    252 kms of drilling that brings us a reserve of 1.3 million tons of nickel I will suggest 50 million.
    cash on hand will say end March 17 miilon
    tax credits of 8 million.
    SOi207 million
    market cap 148 million
    EV 33 million
    hub of 4 million
    nickel price per ton $8.25
    very very very cheap
    logic states
    needs a decent re rate
    also lowest quartile project
    in western Australia
    with labour force shedding
    from other projects
    timing is ideal




 
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