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
This from Bell Potter ANALYST OUTLOOK & STOCK PICKS FOR 2023....
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $381.9M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.5¢ | $358.5K | 2.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 346248 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 478392 | 8 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ARU (ASX) Chart |