I don't see much point in these NdPr price updates, because production is years away. If anything the latest chart shows a very fickle market, which is surely not the message ARU are wishing to convey.
I think these announcements were an excitement back in August when the price jumped extraordinarily, and the company perhaps thought it could leverage some publicity from this about its operations at Nolans.
Better to go back to ignoring the fluctuations in the Chinese spot market when one does not have a mine yet, and instead take a more conservative view of the price around US$40 to $45 and build your business model based on that.
Ann: Monthly NdPr Pricing Update, page-3
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12.5¢ |
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Mkt cap ! $381.9M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 103 | 4486645 | 12.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1453366 | 10 |
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