ARL
ARL market capitalization based on their resource value is only 5% of AUZ or CLQ. And it has around 10 times more cobalt and 10 times more nickel compared to the other two.
The plan is to start producing by 2020 and in mining terms, it is pretty soon.
In spite of good announcement, ARL is still slipping behind! Perhaps it is because iron may replace the far more expensive cobalt in batteries. However, if that is the case, why are Chinese, Korean and Japanese companies scrambling for cobalt producers still?
posted by Club Mulgoa @ 2:57 PM
1 Comments:
Topped up recently at 81c and it has gone to 84c. So I put in a bid for more at 81c.
Based on their presentation, it is far better than AUZ and CLQ, yet its share price is languishing. Of course, you need capital to develop and that is what ARL lacks at the moment.
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