ARL 2.08% 49.0¢ ardea resources limited

Review of ASX typical laterite and sulphide cobalt player's SS and PFS, page-4

  1. 2,768 Posts.
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    It is important to remember at this point in time that your company is a miner, not a processor. It digs it out of the ground, and produces concentrates of ore, then ships it out for processing. It is likely your company will always be a miner, as it makes a lot of sense to leave it at that... nothing wrong with that.

    ARL does not do this, it is proposed that ARL will be both a miner and a processor.

    You cannot really compare the two directly at all from a financial / CAPEX / NPV / IRR operational cost, point of view. This shows that you don't really understand your investment.

    It would be better to compare ARL to CLQ or similar.
    Last edited by shades2: 01/06/18
 
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