Tesla up 15% overnight - certainly a lot of NdPr required in...

Tesla up 15% overnight - certainly a lot of NdPr required in that technology along with all the robotics being developed globally.

Nice summary marc. If I may add the phase 2 commentary - management are saying it will be funded by Nolan's phase 1 as we can refer it now - what they are saying then is Nolan's will be a "CASH COW" (get on board now which Buzz even stated) similar to Lynas once operational and we all have seen the large growth of Lynas and that is with all the huge expenditure incurred by them particularly from Malaysian Govt - certainly much learned from Lynas issues and obviously all in one at Nolan's is a superior advantage.
Phase two is on the premise of further resource to 400m depth with the current 37 year mine life only based at current 200m depth. Again this is very similar to Lynas (although they have a higher grade deposit and multiple RE's) in which a couple of years ago they released further positive drilling results which is around a year to drill to this depth and process the data - assay results and a lot of $$$. Clearly ARU are looking at the same pathway in future years. if we end up a half as successful and half the size of Lynas we will indeed be very happy shareholders.

There was no mention of MINHUB. A little surprising in my view however all efforts are on Nolan's progress for now.

The prudent fiscal tightening is very welcome. Not only for the cash on hand to see us through to FID but importantly and as I'm sure both Peter and Darryl stated the CAPEX is being monitored weekly/monthly in order to prevent as much as possible blowouts to CAPEX that we are seeing on other projects.
The scale - tech and various specialist contractors required for Nolan's construction and successful commissioning is like no other minerals project in Australia. Those new key board and project management and their extensive knowledge - experience are critical to successful development of Nolan's on time and budget - again it was also a pre requisite to debt/equity financial close - we are fortunate current management have these excellent contacts and that people of this calibre are keen to unite at ARU and deliver Nolan's. I had a view of 4 different key contractors over the weekend just curious if they were advertising positions for Nolan's project yet - and to get a feed into where ARU are at with FID - What it reminded me was how complex a lot of Nolan's is from APA installation of GE tech power supply - the sulphuric acid plant with Chemetics aka Worley - the beneficiation plant Aurecon and the biggy the hydrometallurgical plant with Monadelphus - think we are in pretty safe hands.

Just quickly the other surprise for me was the OPEX USD$35kg. Unless I missed something USD43kg was last I heard so 35 is significantly good.

Remiss of me not mention the seminar itself. This new initiative which appears initiated by new CEO is a very welcome event and provides key transparency to investors (well some more questions and not pre determined - hand picked ones please - yes I know it's limited time).
Anyway these seminars are gold - in the past it was not transparent so thank you very much to management for providing such and with that it will bring many more investors on board.

Have agreat day all