Ann: Nolans Review Delivers Major Improvements-ARU.AX, page-5

Looks to me like ARU is emerging from the shadows with big improvements and it's high time that "Arafura is allowing the resource to guide the process" by producing a phos acid product. I prefer that readily tradeable co product to ALK's hafnium and NTU's lutetium any day of the week!
99% of the rare earth wannabes from 2010 have now fallen off the cliff or "discovered" other allegedly commercial elements in their projects. LYC is in production but doing it tough (fingers crossed it all works out OK), and very few others remain. You can forget the many tens of companies that have mothballed their projects. On the other hand ARU is steadily improving its position - lower CAPEX, MUCH lower OPEX, government approvals in progress, and superior NdPr to everyone else . Contrast that with NTU in the jaws of the hungry New York funding crocodile, PEK at the mercy of the Tanzanian "Fair Competition Commission" (whatever that means) and GGG stuck in the EU's anti-uranium quagmire.
I'm very comfortable with my investment in ARU, and hope you are too.