ARL 1.23% 40.0¢ ardea resources limited

Reply from Dr Matthew Painter re the PFS, page-16

  1. 440 Posts.
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    Lets keep it real simple and divide $600 million by 5.3years?

    Based on that simple maths... from 5.3 years on the company stands to make over $110 million p.a. for around 20years.

    I know its not that simple because of cobalt and nickel prices, technology etc but none of us know what they will be in the future... DYOR on those kind of things and invest accordingly.... or don't.
 
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