There is a possibility that volatility will continue in the market in the short term, but with so much upside with ARU, why would you sell???
The story recently:
> The diamond drilling program at Nolan's returned outstanding REE minerlaisation with elevated levels of uranium and phosphate (investors need to realise that this depoist is not only REE)
> The seperation process has resulted in an average 83% extraction - which is exceptional and would have to be one of the highest in the world
> The market for REE is high and most analysts are predicting its only going to go in one direction
> The market for fertilizers is only increasing and ARU has the opportunity to produce a high grade phosphuric acid as a by-product to the REE
> The demand for Uranium will stay high until at least 2012-13 (albeit slightly lower than current prices) which is another by-product of REE
> ARU mgmt have been actively engaged in talks discussing collaboration/partnership opportunities(collaboration is the keyword here - ARU know they are in a position of power)
> The Mt Porter project has just been given approval (40000 ounces of gold)
> The Jervois Vandium project has returned excellent ore seperation results and looks like having the potential to go into production
What's to come short term:
> Additional drilling at Nolan's to further define resource (it's already huge and only going to get bigger!)
> ANSTO to release the results from the Uranium seperation process (look out as ARU could be the next uranium producer - no joke)
> Source sampling at Kurinelli Gold Project
> Pilot plant to commence in January
Rest assured the ARU story is no science fiction novel.
Personally, I cannot resist buying more if there is any movement in the SP. Or, am I missing something here?
ARU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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