Hi Sir Von, the economics has never been particularly appealing to me and then add in the cash burn in building that low grade stockpile pile that starts getting used in year 22 I think the initial years will be extremely difficult and the company also doesnt thave any real inhouse graphite processing expertise and as of yet no customers.
So it's all getting built (if it does) on a quite average deposit and not a lot else.
On the govt strategic reserve, I wonder what they are going to do with a pile of graphite concentrate. Will be interesting to see what comes of it after likely years of committee meetings to determine how it works
All the best with it.
RNU Price at posting:
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