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ARR

Here's what I said in June...

The name alone, American Rare Earths (ASX: ARR OTCQX: ARRNF), should get your interest, and it is listed in the USA as well. So as they progress and the excitment about rare earths continues this could be another company to watch. Their PreFeasibility Study is due at the end of the year. Check back in December.

...

Well, their latest results look good if you don't do any research, and it seems that the market is getting wiser about rare earths.

13,000 ppm is 1.3%. Mountain Pass is at 70,000 ppm or 7%. And DTR is probably going to be slightly higher again.

The problem ARR faces is that they hang everything on rare earths, which are already funded through Mountain Pass. So more funding to the sector will be hard to come by (in my opinion). They are not alone. A lot of companies across a lot of resources are facing the same problem: having to expend resources chasing funding that may not come through.

Also, AAR is a long, long way from the only rare earths processing facility in the USA, Mountain Pass. The floor price helps, but not much.

So, average results and not much else to talk about... I'd leave these guys alone. They are off my list.

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