Lay off the pipe.
You are dreaming if you think ARU processing plant, processing Nolans ore, will rival the economic feasibility of LYC processing plant, processing Mt Weld ore. Because essentially that’s what needs to happen for ARU market cap to exceed LYC.
Hot tip. There’s a reason LYC uses a 2.5% cut off grade. Anything less is simply not feasible to process using direct cracking (acid bake) processing technology.
Mount Weld:
2.5% cut off grade
Proven 14.6Mt @ 8.9% TREO
Nolans:
1% cut off graded
Proven 5Mt @ 3% TREO
ARU need to prove operational economic feasibility first, and if they achieve that, prove up a much bigger ore reserve if they want to achieve 11tpa NdPrO.
Your comments are just unadulterated ramping without logic.
Which fund do you work for? Folks here deserve full disclosure.
Lay off the pipe. You are dreaming if you think ARU processing...
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $392.7M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.5¢ | 16.5¢ | $1.087M | 6.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29410 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 934084 | 20 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| ARU (ASX) Chart |