TMR: What are some other companies that have a shot at being in the top six?
PW: Ucore Rare Metals Inc. (UCU:TSX.V; UURAF:OTCQX), Great Western Minerals Group Ltd. (GWG:TSX.V; GWMGF:OTCQX) and Geomega Resources Inc. (GMA:TSX.V; GOMRF:USX), even though it's more of an LREE project. I like the management teams that are resizing their projects. They're looking to bootstrap their mines?to start off smaller and get to cash flow quicker. Companies like Greenland Minerals & Energy Ltd. (GGG:ASX) in Greenland and Arafura Resources Ltd. (ARU:ASX) in Australia have looked at the market environment and realized that the billion-dollar project isn't feasible, so they're looking at smaller projects that can fund future growth. Peak Resources Ltd. (PEK:ASX; PKRLY:OTCQX), in Australia, has low capex
From: http://www.theaureport.com/pub/na/electric-transportation-could-jump-start-rare-earth-markets-patrick-wong
sounds ARU has no hope?
new mine & plant, page-3
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $332.6M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.5¢ | $581.2K | 4.175M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 2028092 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 438456 | 5 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ARU (ASX) Chart |