Apparently Benchmark minerals has now launched a new Graphite price to more accurately reflex prices for graphite ex China.This is huge news for RNU.There is obvious tension among anode producers to obtain ex China graphite and this news will hasten our offtake agreements which will more accurately reflect a real market price for graphite and finally provide provide the incentive to get constructing our mine.
It is my view that the Board has been hanging off for this to happen.Because we weren’t burning cash we could be patient for a deal for shareholders.I believe it is very close now and could be coming from Asia.
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