The Assay TV - Gavin Lockyer, Managing Director, Arafura Rare Earths (ASX:ARU)-23/12/2022
I listened this interview again. Between 7:30 and 9:06, Gavin mentioned 2 things: much large CR in the middle of 2023 and total of 1.8bln AUD he needs to comfortably develop Nolans Project.
IF Gavin can secure all funding from Federal and local governments((300+150)mln AUD), Germen's Euler Hermes(900mln AUD), recent placement and SPP(150mln AUD), 300mln AUD will be the maximum he will require. Can this amount of money be negotiated with Hyundai or South Korea government? If this can be supported by Hyundai, massive CR could be avoided.
The Assay TV-GL.... 23 Dec 2022
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