Ann: High Purity Coarse Flake Graphite from Metallurgical Tests, page-63

They are still in there with a chance, but for now rallies will be sold as traders reduce their exposure

I sold half my holdings to reinvest elsewhere. If the scoping study is positive they will need to raise money to fund more feasibility which is when I would contemplate reinvesting . If the scoping study is negative then its back to one cent.

the graphite space is very difficult to assess due to the enormous uncertainty over the future of graphite prices. SYR has a buy from Credit Suisse with a price target of $7.80 , other brokers have a hold at the current price which is indicative of the wildly divergent views on future graphite prices.

the saving grace for RNU is the low strip ratio, is that enough to see it economic? Low strip ratios are of no value if the metallurgy is tricky.