A large deposit is one thing, but is in no way any guarantee of an economic deposit. You only have to look at Syrah in that respect. Huge deposit but poor flake distribution, which was further degraded after processing. Now in care and maintenance.
My question would be can RNU demonstrate a bankable resource? i.e. can they mine graphite at a profit after stress testing?
I don't think RNU have completed a BFS at this stage?
A large deposit is one thing, but is in no way any guarantee of...
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