It's all about the graphite price.You just need to look at the...

It's all about the graphite price.

You just need to look at the actions of SYR in reducing its supply to China. Thereby applying pressure to their dominance and pricing structures. This is yet to fully take affect.

If we agree that at these low prices, China can't make 'sustainable' money then current market pricing can't stay low for too long because something has to give. The growth in lithium and other battery materials will either accelerate or totally collapse. If it's the later, it would go against the grain of worldwide decarbonisation efforts and accompanying laws aimed at rebuilding supply chain resilience, exChina.

Without the counter balancing growth of the cost-friendlier natural graphite material to support the EV battery industry there's is little to no incentive for all the other lesser tier and trailing projects to complete their programs, drill-out, explore, raise more capital, complete their regulatory approvals, DFS, etc.

On the other hand, with the release of this BAM study, it positions RNU to capitalise as a first mover when the time is right.

Yet, the narrative hasn't changed and we're still on track to deliver if a 'multinational' really need us – and I mean really can't survive without us. The choices are very limited because if we can't make money, no one else can and at the same time offer the security of supply that comes by the fortunate factor of being located in a sovereign-trusted country.

Exciting times!

AIMO, DYOR GLTA(patient)H