As far as I'm concerned, RIL has done everything they said they were going to do. Am I happy with the length of time it's taken? No! But, most importantly, boxes are being ticked. It conveys to me this venture is being taken seriously. I would like to think Michael, from Greenhouse, has worked too hard for too long to let this opportunity go.
Believe it or not, there's a possibility that NMT might hold this venture back. RIL needs access to the FEED study, which NMT hasn't released yet, but it's due in August. The sooner Chris Reed pulls his finger out, the sooner RIL can move forward with their projects. Shareholders on both sides of the camp are about to find out how desperate NMT is for royalties.
The Quarterly is due before the end of January, so hopefully there's more news about the current activities underway behind the scenes.
MC RIL = $15M
MC NMT = $120M
RIL battery recycling discussion, page-43
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