ARD Price Target FY07: TBA
ARD EPS Estimate FY07: TBA

Thursday, March 15, 2007

Why Lionore Mining Ownership is so Attractive
Nickel Miner Will Capitalize on Worlwide Demand Exceeding Supply in 2007

Previously it was noted why ownership of nickel producer Lionore mining is so compelling based on superior fundamentals and extreme undervaluation. Today nickel is at another record high based on supply & demand issues. Bloomberg.com describes the problem in an article entitled, "Nickel Rises to a Record for Fourth Day as Stockpiles Plunge."

Share ownership in ARD is nowhere near as attractive as share ownership in Lionore Mining (LIM.to / LMGGF.) Right now one can purchase over 3 shares of Lionore Mining for every share of ARD sold. This is an incredible opportunity given the fact that each LIM share is at least as valuable as each ARD share based on superior fundamentals as previously described. Don't be surprised to see the ARD/LIM ratio diminish to 2 to 1 in the near future.