ARR 6.38% 25.0¢ american rare earths limited

Spotlight on American Rare Earths, page-4036

  1. 995 Posts.
    lightbulb Created with Sketch. 783
    The latest price of Scandium Oxide per Kg on the Shanghai Metals Market is USD 856.
    La paz has a current JORC Scandium resource of 4.4mill kgs as below from an earlier report.
    ie 4.4mill kg * USD856 = USD3.766 billion = AUD5.687 Billion

    La paz is only one quarter explored by area and only at only half the potential mineralized depth.
    Therefore the Scandium oxide resource could theoretically be 8 times greater if the Scandium occurrence is uniform across the deposit.
    Therefore AUD5.687 Billion *8 = AUD45.498Billion
    I don't believe this potential in ground value of Scandium is on the radar of investors like Gina and I don't believe the directors are currently focussed on this eye watering prize as Halleck is the belle of the ball.
    We may have enough scandium to create a market in the USA to support light weighting aluminium for military aircraft etc.
    My deepest fear is that around 51% of the ARR shareholders will sell into a cheap bid of around AUD1.00 to a mining major and we wont reach a MC comparable to Lynas' AUD6.5Billion. I predict if we stay independent we will have one billion shares on issue worth at least AUD6.50 in a few years.

    La Paz, Arizona
    Ø Claim control of 5,540 acres
    Ø JORC defined resource estimation 170M tonnes
    Ø 80M kg Total Rare Earth Oxide (TREO)
    Ø 4.4M of Scandium Oxide **



 
watchlist Created with Sketch. Add ARR (ASX) to my watchlist
(20min delay)
Last
25.0¢
Change
0.015(6.38%)
Mkt cap ! $123.3M
Open High Low Value Volume
23.5¢ 25.0¢ 23.5¢ $271.0K 1.119M

Buyers (Bids)

No. Vol. Price($)
4 40288 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
25.0¢ 44640 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
ARR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.