Ardea Resources (ARRRF)

[tootalljones]

let's put it yet another way: in a year from now the company will release its feasibility study, the product of 7 years of incredible work, 5 of which was done by the former owner, a major, which our CEO said was pristine, high quality precision work. We are fully cashed up to our gills in money now, to bring the ball over the goal line.

So that feasibility study will define an asset worth a billion dollars, if cobalt is anywhere near 30 bucks, and it will be OVER 30 BUCKS BY THEN, AS TODAY IT IS 27 BUCKS and rising.

A hundred million dollar market cap company DOES NOT HAVE A BILLION DOLLAR ASSET. Capiche? A legal emtotu, this corporation itself called Ardea Resources, LTD, does not own a billion dollar asset, and be worth just 100 million dollars. There should be a rough equivalence between the two, and in a hot market, the legal entity will sometimes even receive a premium over the asset itself, if the market has confidence in the management and the personnel, country risk, etc.