DCs email to Tenx on the 18/3 said we have now…..on the cusp of making a FID The timeline above may well have been accurate had war, Chinas slowdown,higher interest rates etc not intervened.DC also has stated that they have been progressing all the back room work to enable construction to move forward quickly when offtake and financing are in place.The recent offtakes by Novonix,Syrah and Nouveau Monde indicate there is supply tension starting to emerge amongst Anode producers and EV manufacturers. Whilst givemethecash production prediction is ludicrous it is obvious that construction of the mine will move forward quickly once offtakes and financing are in place.DC has stated in an email to me that there are discussions happening with many interested parties,not just those that RNU has MOUs with.I don’t know DC or anyone on the board but I have always found the company forthcoming with any enquiries. Having said that I am first to admit mine construction has not met the timeline estimates and it is pure speculation on my behalf that it will be first half 2025.
RNU Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
