ARR 1.75% 28.0¢ american rare earths limited

Amigos, more smoke and mirrors and blah blah blah from 2ic, our...

  1. 2,805 Posts.
    lightbulb Created with Sketch. 1707
    Amigos, more smoke and mirrors and blah blah blah from 2ic, our new Lifeless. Don't be fooled by the jargon. The fact is there is a huge difference between:
    1) MP's method of heating its ore in a rotary kiln roaster with oxygen and concentrated sulphuric acid (H2SO4) at 600 degrees C, and
    2) ARR's method of calcining (heating without concentrated acid and with low oxygen).

    For a start, MP's conditions of "Acid/Bake Cracking" are orders of magnitude more corrosive on the gear than ARR's calcining conditions. So ARR's method requires much less capex and opex. But don't take my word for it - listen to the CEO Donald Swartz who says: it is a major breakthrough for ARR to have a flowsheet which avoids "Acid/Bake Cracking". The flowsheet from ARR shows it will calcine its concentrate at every stage, not use rotary kiln acid bake. And we haven't even needed to mention the fact that ARR's development will not be plagued by radioactive waste. And further, Donald Swartz has said it will be on State land where is has a much simpler procedure for permitting and a shorter time-frame. And that Halleck Creek is the largest of the USA's rare earth deposits, and is capable of decades and decades of producing enough rare earths for the entire country. Good luck all.
 
watchlist Created with Sketch. Add ARR (ASX) to my watchlist
(20min delay)
Last
28.0¢
Change
-0.005(1.75%)
Mkt cap ! $138.4M
Open High Low Value Volume
28.5¢ 28.5¢ 27.5¢ $26.02K 93.17K

Buyers (Bids)

No. Vol. Price($)
4 74412 27.5¢
 

Sellers (Offers)

Price($) Vol. No.
28.0¢ 35178 4
View Market Depth
Last trade - 15.32pm 22/07/2024 (20 minute delay) ?
ARR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.