ARU 0.00% 18.0¢ arafura rare earths ltd

ARU - Till Year end 21, page-88

  1. 896 Posts.
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    Hey @Poohbear, we'd better warn ILU they're on the road to nowhere eek.png. They too have plans to produce separated REO products, via a different process route to the Medallion TSX venture exchange dot com boys who've pooled their (absence of) resources with the Bon Scott inspired ACDC market miners.

    But before any of that happens, ILU had better find buyers for their sub-standard zircon and titania "products" from Wimmera in Victoria. Otherwise, no rare earths from there. Eneabba will be the first and last of it. Monazite concentrate all to China, including the management of the thorium and uranium process waste.

    Can't wait to see the ILU capex. I'm tipping an order of magnitude x 2-3 greater than Medallion dot com's. Who's right and who's wrong? Actually, who cares. Perhaps ILU should consider taking out Medallion to access their US$34 million capex secrets - that's the only way Medallion's holders will ever make money - but I suspect they can't stop laughing about it, nor do they have a liking for the business model of gathering up others' pre-JORC mineral sands for processing at a permitted site that doesn't exist save for a world.nuclear.org article which by the way hasn't disclosed one either. Anybody who thinks the Kimba site in SA will host a monazite process plant and radioactive waste residue ponds really has got monazite in their head, or is simply incapable of discerning spin from reality. Clear lessons are there to be learnt from Kuantan, now Kalgoorlie and, should it ever happen, Onslow.

    https://hotcopper.com.au/data/attachments/3862/3862514-53ee357837cd5d5d382cb468a5db32ef.jpg



 
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