uh oh...., page-17

"I dont understand how a massive team of experts on the financial and chemical side can get the budget so wrong ? "

Massive team of experts in the Chemical Side? Can you name me one AUSTRALIAN company has ever built a SUCCESSFUL REE separation/extraction plant on an INDUSTRIAL SCALE before?
The answer is NONE.

Arafura Resources was a Doomed mission from the beginning they decided to based their Technology on an Australian Know how (ANSTO specifically).

Before any of you guys defend ANSTO, my question to you is if ANSTO is so good why the delays and more delays??

The Chinese has been doing REE extraction for like 30 years. They are the world's best, The absolute cream in separating REEs. Lynas REE plant is based on Chinese Technology. ANSTO knowledge is nothing compared to what the Chinese know. The Sick thing is right now we have a Chinese investor ECE waiting in the wings wait for ARU to fail before they make a takeover bid. They are not interested helping the shareholders here, they just want the deposit for themselves at a very cheap price. Also you would think that the Chinese Investor would help ARU with regards to REE Separating knowledge BUT NOPE & here is the reason why. The Chinese government consider REE separation Knowledge so important that its considered a State Secret.

By heck the more i talk about the difficulties that ARU is facing right now the more i love my investment in Lynas because the barrier to entry is damn high in terms of technical knowledge which no one in Australia has and the amount of capital expenditure to set up an Industrial plant and Lynas has fully overcome both of these.