Ardea Resources (ARRRF)

[tootalljones]

I agree with this post, but as cobalt goes up, the size and scale of Ardea's resource comes into play. GINORMOUS: "In terms of ARL’s valuation it’s still way too cheap. The large tonnage deposit means costs can be dropped depending on the size and scale of the operation and ARL have this capacity to do this due to the sheer size of the deposit.

They can either focus on a smaller scale operation (it’s still going to be big) and target the high grade zone (start with a 2 million tonne processing plant) and scale this up to a 4 million tonne processing plant depending on future offtake agreements.

If you were to run an assessment based off the high grade zone this is still a 16 year mine life. The deposit is a monster and if we are really going to embrace the EV era then this deposit will be developed and it’s going to make a lot of $$.

Why would battery makers and car companies continue to rely on the DRC (an unstable political environment) when you have secure supply with the likes of Aussie cobalt deposits."