ARL ardea resources limited

Q1 PFS, page-3

  1. 4,459 Posts.
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    Agree, but a few days either way makes no difference. Management have never done anything to cause questioning around their ability to deliver on stated objectives in a timely manner, I'm sure they don't want to start with the PFS.

    With the current price of Cobalt, I'm expecting the overall project economics (opex/projected earnings) to be fairly good.

    I think the market reaction to the PFS might be driven mostly by predicted capex of start-up (call it stage 1) high grade zone mining. If the capex number looks affordable by comparison to other projects this should drive the SP strongly.
 
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