Can anyone add any further points especially on reasons not to like.
Reasons NOT to like ARN:
- African location but best or almost of all African countries so not a big disadvantage - not high grade but is medium grade - Company is not promoting its discovery - have not presented at any Australian conferences and almost no interviews - processing will be more complicated due to polymetallic nature (higher cost) - rare earths are complex to extract and process - not totally convinced by board and management except for geologists
Reasons to LIKE ARN:
- close to all necessary infrastructure - power, road, rail, port (ie lower cost) - maybe tier 1 size deposit - scale brings cost advantages and long mine life - Permitting is quicker and easier than most countries - poly metal - more stable pricing is possible - high level of insider ownership ie management and board - very low strip ratio (0.6:1 as stated by company) - much lower cost - potential for other carbonatite discoveries (according to the company) - very conscious of costs, low exploration costs for size of potential price - lower labour costs (ie Africa) - SP looks very cheap if it is a tier 1 deposit - very good geologists in management and board
ARN Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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