Come-on all you ARAFURA holders, that was very good announcement by Steve Ward, so what does it tell you, PLENTY imho
We have a very large REE resource, the limits of Nolans Bore will be drilled during 2011 so that we will probably know what sort of resource we actually do have. { Some earlier comments were, NO PLACE to put the DUNNY, could be true, we might have to increase the size of the tenement, ?????????? }
So, we have great REE's, minimum 20,000 tons per annum for how many years ?????? then we have
P2O5 61% Phosphoric Acids, 80,000 tons PA and all of the derivatives
The big U, U3O8 some 150 tonnes PA, thats quite big really
Gypsum CASO4 some 500,000 tonnes PA
Not a bad mix hey, and only 360mil shares atm compared with the other good thing over the border with around 1.8 billion shares.
So, although do hold a few in that other good thing, my money and my heart is with ARAFURA RESOURCES. Can see big dividends coming to long term holders. A waiting game of course, but remember those who wait, have a bit of PATIENCE, { what a virtue not many humans have } the big rewards are not far away.
IMHO they will easily get the funds to get into production 2013.
Time will tell. Always does
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