You've hit the missing piece of the puzzle - we're a low...

You've hit the missing piece of the puzzle - we're a low sovereign risk, and a sovereign-trusted country.

These are no ordinarily times. We are living at a remarkable time in history and anyway you look at it, to fully capitalise on the seismic shift to electric energy, RNU will be, in some shape or form, a huge part of this future.

I think it's fair to say that around the world, all new development projects are having to deal with rising costs, including 'opaque PSG' China. However, the numbers for our updated BAM don't have to be the most economical because large companies need to secure supply first. For instance, the statement from Shin Hak-cheol, LG Chem CEO, in a recent interview is an excellent case in point:‘First of all, we are securing the supply of raw material which is more important than the price because what if you don’t have material to produce? Price becomes secondary. First and foremost is to secure material for the future.'

Supply chains are being rebuilt because the 'just-in-time' economy doesn't work in a de-globalised and geopolitical environment. And it is out-of-sync with the manufacturing needs of the future. They need to be more resilient all the way along the supply chain, i.e, allowance for stockpiling capacity to deal with geopolitical tensions, stoppages from future pandemics and other unknowns. If RNU was asked to include additional capital costs to be more resilient then I'd suggest that all parties concerned are working harder to reposition business activities to reflect this. Maybe, our government, EFA, CECF is having a role to play here. So, regardless of whatever the updated BAM numbers are, it will be secondary to the overall objective which is the security of supply.

If RNU has been asked to revise, revamp or include additional needs to reflect current objectives, one thing is certain, there is little choice other than RNU for an advanced high ESG credential project located in a sovereign-trusted country. So, if things are held up, @raffle says, it'll be a small blip in the total life of the mine.

Exciting times that could get more exciting at anytime!

All IMO, DYOR, GLTA(patient)H