Being less progressed than LYC might work to ARU's advantage.
By the time they get to production, Nolan's alone could quite easily have quadrupled in value (through a combination of resource upgrades and higher REE prices).
Factor in their other projects, and it's not too much of a stretch to arrive at a total IGV for all ARU's resources of close to $50 billion. This does, however, require sizeable resource upgrades which at this stage is pure speculation.
Regardless, its not hard to focus on the value equation, given the current market cap of a little over $200M for ARU.
lyc taking off, page-5
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $394.2M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.8¢ | 16.0¢ | $607.2K | 3.725M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 1730596 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 226915 | 8 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ARU (ASX) Chart |