I think you will find its the graphite market, RNU hasn't been able to advance any of its offtakes or MOU's, are you suggesting RNU's progress is also fluff.
You really need to look at the big picture, POSCO would be well aware of RNU's objection to EGR's patent, yet POSCO see's value in EGR purifying its graphite in the USA, Europe and Korea. If this turns out to be the case, I highly doubt POSCO will require PSG from your company, Have you considered the impacts of your company securing finance if they cannot secure a binding offtake?
Another thing for you to consider is EGR ability to reduce the footprint of its purification buildings, we won't need the same size area as proposed at Kwinana due to the shaping occurring in Tanzania.
Anyway, I am interested to hear how EGR plans to fund its developments, We have already detailed we are expecting to expand Epanko's capacity to over 300ktpa, POSCO's agreement will only required a maximum of 80ktpa of graphite. Who do you think is likely to require the other 220k tonnes - Thyssenkrupp?
EGR Price at posting:
18.0¢ Sentiment: None Disclosure: Held
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