ARU technically incredibly complex. They have not fully completed their flowsheet after 20 years. Its a uranium phosphate play and not easy to separate the rare earths.
PEK 26 year mine life only uses its reserve (18Mt) not the entire resource of 220Mt. So Peak's true mine life is 70Y.
The professionals know ARU is a basket case and that'd why it never gotten going in the last rare earths boom and still trades at a huge discount to ASM, Pensana and even HAS. LYC got going and ARU didnt get a look in. ARU is just a marketing play to speculate on the sector. If it weren't it would be capped at $1b already as optically it has everything going for it but the reality is, its too technically difficult to actually work.
What is the target price for PEK?, page-16
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Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $53.28M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.5¢ | 20.0¢ | $11.4K | 55.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 167499 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 5886 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PEK (ASX) Chart |