Ardea Resources (ARRRF)

[tootalljones]

By Stock - Largest cobalt resource
{excellent poster below on Hot Copper an aussie, Squash, fyi}

16/11/17
Time:
19:57:52
Post #:
28868618
Folks just here for the record, the market is asleep on the question of ARL v AUZ deposits.

ARL has over 80kt contained cobalt avg grade .13% in the KNP high grade zone... so far.
Only two of four deposits re-modelled so there is more to come. See https://www.ardearesources.com.au/downloads/announcements/arl_2017062801.pdf

How much does AUZ have at average grade above .1%? About 15-20kt in Sconi - that is a full 4x smaller than ARL high grade zone.

How much does Sconi have with avg grade of 0.06% (half the ARL grade)? 54kt in Sconi. Still well short of ARL contained cobalt at less than half the grade - it is all here - http://www.metallicaminerals.com.au...16/09/JORC-2013-Sc-Co-Ni-Resource-Upgrade.pdf

Yet AUZ investor presentations imply an ARL feed grade will be 0.07% and AUZ of .11%. Go figure...

AUZ also calls Sconi a 89Mt deposit. Well, it is, if you use a low nickel cut off grade of 0.07%.

The same low Nickel cut off grade for ARL gives the full 750Mt+ monster deposit. But putting that side by side in an investor presentation would not look so hot.

don't forget to read the references folks. All IMO. DYOR and all that jazz.

Disclosure ARL now my biggest small cap holding by some margin