When FMG came to the market, iron ore was around $25/t.
FMG had sub 60 Fe. Nobody was interested. BHP, RIO and Gina ignored it. Forrest didn’t.
Forrest effed up re Anaconda Nickel and had a re birth into FMG.
So where does ARR fit? ARR has found a shovel ready deposit. As did Forrest.
ARR has found a mineral that is in demand now and for decades. As did Forrest.
ARR has political advantage. As did Forrest.
If the economics add up, ARR is a multi billion $ company. As is FMG.
Ann: American Rare Earths - 1.43 Billion Tonne JORC Resource, page-90
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Mkt cap ! $135.9M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 100000 | 1 |
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