Ann: Nolans Rare Earth Project Update , page-121

"The Company has continued to progress Nolans – one of the most advanced rare earths
development projects in the world."


Mr Tonkin said, “Arafura remains on track to become one of the world’s largest rare
earths producers and the only new REO supplier globally with significant volumes
available for sale.

The demand outlook for rare earths looks strong, with timing of first
production from Nolans expected to coincide with a forecast major global rare earths
supply shortage.”


• "Sourcing funding to develop the Project, which may include the introduction of one or more strategic partners."

• "Arafura has executed Memoranda of Understanding for offtake and assistance with Project development and/or funding with two multinational companies and will be seeking to lock in these and other offtake agreements prior to arranging funding for development of the Project".


• Definitive Nolans Rare Earths Project Update released;

• Substantial progress achieved on one of the world’s most advanced
rare earth development projects;


• A Project Base Case has been established and Project economics
are robust:


- A$4.3 billion Net Present Value;


- 30% Internal Rate of Return;


- Capital payback within four years of operation; and
• Arafura is on track to become one of the world’s largest rare earth
producers.


With the constant stream of negative post I'm starting to wonder just how many people have shorted this stock ?