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1.37%

7.2¢ renascor resources limited

no flaws buddy, its all in the strip ratio

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nk

3,115 Posts.

142

01/03/21

16:49

Post #: 51426314
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Originally posted by CliffJ: ↑

As has been pointed out on a few other threads there are some very fundamental flaws in RNU's recent presentation and the most glaring is this quote -" Renascor’s cost for obtaining Graphite Concentrates for downstream
processing into PSG is equal to Siviour’s projected life of mine unit operating cost of US$355".

People who know about the industry realise this level of operating cost is difficult to achieve in Africa let alone Australia.
Assuming this is C1 cost, all graphite assessments of any credibility that that labour cost is around 30 - 40% of C1 costs. Given the average labour cost in most African domains is around 5 - 10 % of the cost of labour in Australia, how does RNU expect to achieve a C1 cost lower than Syrah? Love to see the details.

It appears this cost is based on LOM. What is the operating cost at lower tonnage?

Given all other graphite producers (and there are only 2 in Aust) and the other aspirants all quote C1 costs in the range of US$420 - US$550, how does an Australian co, with labour costs 10 - 20 x higher than Africa expect to achieve a lower cost / mt. Interesting.

Would love to see the detail.
'IMO / DYOR

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no flaws buddy, its all in the strip ratio

RNU Price at posting: 7.0¢ Sentiment: None Disclosure: Held
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Last 7.2¢		Change -0.001(1.37%)		Mkt cap ! $183.0M

Open	High	Low	Value	Volume
7.2¢	7.4¢	7.2¢	$320.7K	4.426M

Buyers (Bids)

No.	Vol.	Price($)
8	1275010	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	220674	4

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No.	Vol.	Price($)
7	1250010	0.072
18	3036062	0.071
25	2588011	0.070
7	784631	0.069
6	525880	0.068

Price($)	Vol.	No.
0.074	220674	4
0.075	365900	6
0.076	526237	3
0.077	298052	4
0.078	1000000	1

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