Hi @Duramax I noted the Liontown announcement too and feel for...

Hi @Duramax I noted the Liontown announcement too and feel for those holding as their SP is down 20% today ATM but it did make me think....

The LTR project funding commitment was terminated by potential partners and equity investors as the deal was conditional upon historical lithium pricing and forecasts. The last 12 months have seen a huge change in lithium and graphite prices and forecasts so the commitment termination should not be a major suprise. One positive for LTR holders is they are looking to proceed with a lesser interim project.

RNU and DC have proceeded very cautiously with Siviour - too cautiously for many including me at times - but Thank God (and I don't do that too often) that we are not at the sharp end of finalising our capital requirements for the BAM facility project.

DC has been praised for his master-strokes in the timing of previous capital raises. RNU and DC's cautious approach to progressing Siviour and the BAM facility may be another master-stroke but we cannot see that yet because of all the pain we are seeing reflected in the SP currently across the sector.

I am mindful of the complexities of building a mine and of the detailed engineering and procurement activities. In my most recent post_id=71977856 I referred to Nouveau Monde Graphite who RNU consider one of their peers. Their mine and BAM facility required a Feasibility Study that resulted in a 548 page report. I am sure RNU will be jumping through similar hoops to get Siviour underway. Maybe someone more knowledgeable on mining than myself such as @bombersmadd can comment on Australian requirements.

PlanSA Govt. Bolivar - Renascor BAM Manufacturing Facility Proposal Assessment Stages and Documentation progress link

I will be holding tight to my shareholding, I had no intention of selling any of my shares until Phase 2 at the earliest anyway. I still have faith and wish all share holders the best whatever their decision.

As my wife says "The red mist will go away and green pastures will return". I can only agree and learn patience in the meantime.

GLTAH DYOR