If anyone is truly trying to have a genuine look at the coy for future investment I would suggest they read the following :
Open Briefing - CEO on Nolans Rare Earth Project update
Nolans Rare Earth Project Update
http://www.arafuraresources.com.au/investor-centre/asx-announcements/2012.html
I am more than happy with the potential in this coy and Rare Earths around the World.
Especially the fact that Arafura has a large amount of Neodymium which is used to make the very in high demand magnets around the world.
Neodymium
Applications
• Wind turbine generators create electricity using neodymium-iron-boron magnets.
• Neodymium yttrium aluminum garnet (Nd:YAG) are the most widely used lasers in commercial and military applications. It is used for cutting, welding, scribing, boring, ranging, and targeting.
• Electric motors in hybrid "HEV" and electric vehicles "EV" use high-strength neodymium magnets to power the car.
• Magnetic Resonance Imaging (MRI's) using NdFeB can be used to obtain an internal view of the body without radiation.
Interesting Facts
• Neodymium-iron-boron (Nd2Fe14B) high-strength permanent magnets are the strongest in the world.
• When switched to 'vibrate' mode, a miniature NdFeB magnet causes cell phones to vibrate when a call is received.
• A thumbnail size, high-strength NdFeB magnet is so strong that when placed on a refrigerator it cannot be removed by hand.
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Ann: Nolans Rare Earth Project Update , page-102
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