ARR 8.00% 23.0¢ american rare earths limited

Amigos, this presentation has set the scene. Don Swartz has...

  1. 2,797 Posts.
    lightbulb Created with Sketch. 1702
    Amigos, this presentation has set the scene. Don Swartz has clearly outlined what can be expected in the short term and the mid term. We might only have to wait 4 to 6 weeks for the assays: "The program, totaling 2,389 metres (23 holes), has been completed on schedule with assay results expectedin December 2023." On top of that, the recent announcement of metallurgical results was fantastic - the rare earths can be dissolved from the ore by simple tank leaching. Low Capex and low Opex! Then in 2024 the development process is outlined on page 13:

    "Phase 1:
    • Finalise scoping study Q1 2024.
    • Pursuing test mine authorisation from the State of Wyoming(Timeframe less than 1 year).
    • Test mine and piloting.
    • Low-cost path to de-risking project
    .
    • Flowsheet provided in Appendix."

    I recall @waiken previously posting that he believes ARR will have a billion dollar market cap (ie 15x bagger from here). And I reckon he is correct. When it happens, I'll be booking a trip to the USA and visiting Laramie and Halleck Creek. Hope to meet fellow shareholders.
 
watchlist Created with Sketch. Add ARR (ASX) to my watchlist
(20min delay)
Last
23.0¢
Change
-0.020(8.00%)
Mkt cap ! $113.4M
Open High Low Value Volume
24.5¢ 25.0¢ 23.0¢ $92.59K 387.9K

Buyers (Bids)

No. Vol. Price($)
2 10620 23.0¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 116000 1
View Market Depth
Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
ARR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.