Not sure where you've been hiding
@Riglife, but to say MNS will see price gain before RNU...really?
The share price of
RNU has risen 3400% in just over a year. MNS share price? RNU has mou's with some of the biggest anode manufacturers globally I.e POSCO.
Magnis had a BFS in 2016. If anything the BFS is going to look weak considering their only off take deal is a commodity trader in which they had to give shares to. Not to mention the hoops they have to jump through ie FCI with the government and various other processes. Add to that it is nowhere near the amount to cover the graphite they said that would produce in the last BFS. Korean and Japan deals spruiked by Frank have gone nowhere. He's still banging on about it two years later and nothing has eventuated.
Funding was meant to be in q1, a blatant lie to investors. People who know the full story like myself, know that it wasn't just ambitious, but it was impossible. It calls into question any integrity MNS have left. Now q3. just like everything else... brushed under the carpet. When q3 comes along and nothing has happened it'll be pushed again.
RNU has a 185m dollar loan and has been granted major project status by the government. Tanzania on the other hand? They don't even know how they will get power to run the mine. Let alone the shitty roads to get it to port.
Both are in the lowest quartile costs for producing PSG. Both thermal and chemical purification free.
take a guess who will be producing first?
where did old posters like Bombersmadd go after trying to defend MNS in reply to my posts. You won't find him here but he's a frequent poster on the RNU thread.
You can have the best resource you want but first class management and the best jurisdiction (SA overtook WA in the top 5 jurisdictions for mining globally) doesn't mean it's the best investment.
Are offtakers going to be more secure with an investment from a pro mining jurisdiction? Or a poverty ridden country that is looking out for themselves and changing the goal posts as they please?
Not going to lie, MNS has the better deposit. Better flake size etc. Outstanding recoveries. But RNUs purification and flat lying horizontal geology make it a winner too. The recoveries are getting better and better as the story unfolds also.
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