I agree with these numbers. I'd say the difference in their...

I agree with these numbers.  I'd say the difference in their present market caps is due to very different risk profiles, CLQ's significantly lower cost projections [$6 nickel cost for ARL vs $3 nickel cost for CLQ before cobalt credits], their 16 month time lead, Robert Friedland, and the plethora of relationships and connections they already have developed, especially in China, and their other prospects from their technology division.  All in all, i'd say ARL is still undervalued compared to CLQ, but I love the long term prospects of both companies, I've got heavy investments in both.  Also RED, nice graphic on the prior post, if you make those yourself, great job, I love it.