What's going on with this ENV sub thread popping up all the time, what's the interest.
Just did a quick sqiuzz in market info, MC of 10m ish, SOI > 1.4 billion, Directors all been there approx a decade, never brought 'on market', don't hold shares but did notice all hold issued options.
Seems like a 'lifestyle' play to me, could be wrong, could be the next BHP for all I know, stranger things have happened, could wake up to the knowledge that the daughter and her mates went for a walk but 5 mins in realised they had forgotton their iphones and instead of becoming riddled with anxiety and turning back to retrieve just continued on to enjoy the walk & general conversation of good company, yeah right.
I take it ENV is a REE play, if you MUST have a REE junior in your portfolio the only one the boys are even considering is ARU.
Massive Government backing (to tune of 100's of millions of $, you would assume your public service 'experts' would do adequate DD big call though.
Looks like a world class resource and management seem ok with forecasted initial production horizon quite short so nearing the money end of the cycle.
REE resource to production cycles are incredibly long if history any judge and also quite fickle, bit like U, seems like an exercise in alchemy (2 + 2 does not necessarily equal 4, bit of magic about it), seems like only a small handful of engineers can pull it off, true 'dark arts' stuff.
Also from memory the ARU board have suggested one more CR will be needed to production. WL only atm the profit is in knowing ARU exists and it's stage of maturity to potentially near term production but beware.
