Ann: Capital Injection update , page-2

Looks like Arafura is ticking all the boxes :


Key words : provides an encouraging third party validation of the strong progress that has been achieved.


IMO Exactly what investors would be insisting on prior to investing.


"Arafura’s Chief Executive Officer, Chris Tonkin, said, “The Independent Expert’s satisfaction that the Nolans Project is sufficiently advanced to be valued using a DCF analysis provides an encouraging third party validation of the strong progress that has been achieved."



"Arafura's advanced feasibility study has developed a Base Case that includes a mine and concentrator at Nolans Bore in the Northern Territory, and a chemical processing operation at Whyalla in South Australia. The Project’s Base Case of 20,000 tonnes per annum of Rare Earth Oxide products generates a net present value of A$4.3 billion at a 10% discount rate, an internal rate of return of 30% on an after tax basis over 20 years, and capital payback within four years of operation."


http://www.arafuraresources.com.au/investor-centre/asx-announcements/2012.html