ARU 2.56% 19.0¢ arafura rare earths ltd

Nolans could be uneconomic as it is a heavy debt not free gift

  1. 565 Posts.
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    Nolans "will" deliver EBITDA of A$573m p.a at US$130/kg NdPr oxide selling price ( from its study).,

    Since it study 2 years ago, now Ndpr price under is $50, What's more, operating costs have soared. Australian math will teach you what the new ebitda will looks like, multiply by PE ratio 5 for mining stock, you would be surprised the market cap is so high. Non to mention , capital raising for equity part is coming for sure... when comes to 2027 in production, it is another CXO

    Btw, that is debt finance, nothing special.... Pumpers is spreading like it is a free donation.
 
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