Ann: Equipment Trials Validate Downstream Purification Process, page-26

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andyno3

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23/08/24

11:29

Post #: 75340539
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Originally posted by CowsWithGuns: ↑

i somewhat agree with you - AU doesn't even rank in the top 10 for reserves for graphite (and therefore future exports) ==
https://natural-resources.canada.ca/our-natural-resources/minerals-mining/mining-data-statistics-and-analysis/minerals-metals-facts/graphite-facts/24027

But, iron ore will be interesting when China bring the Simandou mine online over in Guinea. From what I've read, it will produce about 12% of what the whole WA produces at a higher grade (65% vs 60%). And I have no doubts they will use it to manipulate the iron ore prices once Simandou is in full production.

We need to move up the value chain to be able to compete since developing countries are now seeing the value of their own natural resources and we won't be able to compete due to our high costs.

Need to be smarter not working like we are back in the 2000's , thankfully RNU is one of the exceptions ..........

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Simandou mine may not come online as quick as they want it to. https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.mining.com/communities-appeal-simandou-environmental-permits-in-guinea-supreme-court/&ved=2ahUKEwi4qIqV-4mIAxU_S2cHHfifAgwQvOMEKAB6BAgLEAE&usg=AOvVaw1xzYmM9tVFeyLoHcHZXn2k

RNU Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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Ann: Equipment Trials Validate Downstream Purification Process, page-26

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