It's quite simple in my opinion. If CLA come out with a ~ USD$600m capex figure (for anything less than a 3-4Mtpa operation) and an IRR of 25% at high metal prices I will run for the hills. I don't think that will happen though hence why I hold CLA and wouldn't touch ARL. It's also why I don't think CLA is currently overvalued despite being slightly behind in report generation.
It's quite simple in my opinion. If CLA come out with a ~...
Add to My Watchlist
What is My Watchlist?
