Count Down for CLA's JORC, page-60

If CLA assumed a price that high, the IRR would be much higher (I assume).

ARL needed to use a price so high becaues their project is so borderline economic and has 600k+ capex required being laterite. Its been slaughtered because CLQ achieves the same IRR at $12/lb in their PFS.

Im copping hate over on the ARL forum for outlining this. Not even trying to be a bad bloke, if people just stopped and looked at what I outlined they could have sold at a profit on open rather than baghold down 20%. Lambs lead to the slaughter on HC all the time.