ARL 4.00% 52.0¢ ardea resources limited

You are right to use 1.5B capex. Anyone who thinks they get a...

  1. 331 Posts.
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    You are right to use 1.5B capex. Anyone who thinks they get a 2.25mtpa throughput mine for 700M is bound for disappointment. And the rest of your post is also right thinking. Calculating a stock price without the context of expenses is inaccurate, at the end of the day, its all about profit.
 
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