Arafura Rare Earths Ltd, page-788

Nothing is guaranteed; time is ticking. Hell, time has been ticking for nearly 20 years. This 10-15-year timeline you speak of is pure fantasy in 2024. Offtakes will be off the table if the supply can be sourced reliably/cheaper/sooner elsewhere. What does that mean for ARU? Do they become a lawsuit paper listing? The fact is, Nolans will never begin operations and forget supplying offtake agreements. Nobody is forecasting $130kg. Only ARU is because they must; otherwise, there is no business model... I hope I'm wrong and that prices rise, but I'm not going to delusionally speculate with fantasy numbers like ARUs management/BOD. (The fact is at $16c ARU is $7.5c overpriced IMO). Time will tell either way. Short-term, I expect the SP to trade sidewards and then drift up (two months), after which she slides down throughout the rest of the year, IMO.