Hope you're right mate. Was looking at WKT and missed the boat on that one. Clear that there is an increased interest in graphite (although they have jumbo flake expandable graphite). I am liking the look of the stage 2 opex for RNU (very much comparable to WKT). If funding for Stage 1 is halfway there then thats a great start as RNU stage 2 is looking fantastic. Especially considering the grade is half of what WKT has yet opex is looking quite similar.
Big thing of course is that RNU will need some serious cash for stage 2 as compared with a smaller plant like WKT which can be running at capacity for $30mil USD. It is of course a smaller mine and resource! $100m for RNU stage 2 come in spinner.
Any idea when DFS is coming?
Ann: In Principle Project Finance Support from Dutch ECA, page-79
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