ARU FID?, page-3

Then check out the update he did using more recent information, and he was conservative by including dilution.

Again not to forget Darryl has stated they are working on expansion of the project, and from memory this work will be complete very soon (suggesting it is all tied in to FID).

Unlike other resources, ARU Nolan's is special in that even with the current 40 year mine life the resource is open at depth to at least double what the current project resource is. It's simply huge with all this NdPr in one place, with an MRE likely to match Lynas. An Olympic Dam of NdPr.

This suggests potential for significantly increasing the output, which would exponentially increase profit as costs are largely static..... i.e. leverage the economy of scale.