I've got US $14,379 as the actual basket price of arafura's concentrate as at 18/6/07. As both Pirra and Norm has stated, they were being conservative. As at the same date, LYC's is US $13,490, yet not long before that they used US $8,600.
It's no wonder that ARU is confident that the project is a goer. They discounted the basket price in the same way that LYC was forced to, and that was a from a point 3 years out, with a increasing market.
I'm still comfortable that ARU has the goods and the ability, and think of this as a buying opportunity. I'll recommend it to my dentist.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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88 | 5381706 | 0.155 |
69 | 2043540 | 0.150 |
17 | 708278 | 0.145 |
20 | 2066306 | 0.140 |
8 | 798051 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 1342796 | 12 |
0.165 | 1496204 | 43 |
0.170 | 1153726 | 24 |
0.175 | 834322 | 13 |
0.180 | 1186120 | 26 |
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