Is GinaR still holding, page-5

This from Bell Potter

ANALYST OUTLOOK & STOCK PICKS FOR 2023.
December 2022

Arafura Resources (ARU)
ARU’s advanced Rare Earth (RE)
project, Nolans, is anticipated to feed
potentially 8% of global supply directly
into the permanent magnet market
servicing expansion of electric vehicles
and wind turbines. ARU will look to
reach a final investment decision by
the end of CY22, with first production
expected around the end of CY24
subject to funding, which is predicated
on securing 85% of planned production
over the first 7-10 years. The first step
towards binding offtake was taken with
Hyundai signing an MoU for up to 30%
of production over 7 years beginning
in 2025.
Buy (Speculative), Valuation $0.64