Also; Market cap only 60M, and potentially the US critical minerals report released raised their profile: stating NdPr is the highest risk category for US in the next 10 years, coupled with the name American Rare Earths…
That all being said, I would never be interested in riding that roller coaster for the next ten years. They are but a baby to ARU, given the upcoming work required to get them into production with the first dollar in the bank.
At best they are 5 years, and that’s a lot of capital raises they will endure.
Arafura Rare Earths Ltd, page-111
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