sell down, page-38

Maybe ARU could get there, 50c.

People have been spooked by its candid, and uninspired scope study. The management should learn something from BMN or EXT, one is counting on everything, I mean single assumption in its favor, the other can do a scope study without a defined resources. Both enjoy out performance status in the beaten down uranium sectors. Using -30%, not the +-30%. The PFS can always be revised up 30% for whatever the capex and costs are. And BFS allows you another -15%. When you have got banks money, you still can make 50% to 100% revision.

While ARU is going down with uranium stocks, people tend to forget about the phosphate acid byproducts, and the rare earth by products. Both products are in record price.

If it is at 50c, I will buy a lot too Anything is possible.