Ardea Resources (ARRRF)

[tootalljones]

Johnnyola1 (I am Johnny but the Aussie is real, lol)
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Post# 26916038
Honestly, this from a smart Aussie, fyi...
and I believe this smart Aussie much understates his argument, but for now, it will do.:
Posted tonight
Date:
07/11/17

New
Neoarchean said:
This invalid comparisons continue. In any comparison, it is essential that one compare similar things, including stocks.

https://hotcopper.com.au/threads/phony-clq-vs-arl-vs-auz.3816291/?post_id=28538109#.WgEgBLaZNAY
I suppose a few other things to mention when comparing ARL and CLQ.

CLQ has market cap of $900m. ARL $125m or so.

CLQ market cap now exceeds the NPV on its key project. How much upside from here?

My observation is most mining companies lose value as they start the process of building their mine.

I notice coverage from brokers on CLQ - range of price targets $1.60-$2.10.

ARL contained metals in its high grade zone actually stack up pretty well compared to Syerston.

Did you notice the palladium and platinum alongside the scandium we've found?

I wonder what happens when you include the low grade zone ARL has, that we can mine once the high grade stuff is done?

I wonder what happens when you include Lewis Ponds?

Let's not fall for the pissing contest. All good, and better than good cobalt deposits will do well in Australia over the coming decades. But I think it takes a special leap of imagination to suggest or imply that CLQ and ARL have the same upside from here...
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ARL (ASX)
Price at posting: $1.59

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