I like the sound of this commentary as found in the ABC story linked above:
"What we're really hoping to see is further initiatives like the critical minerals facility, that'll allow Australia not just to do the mining but to move one step further, value-add, and build into this growing industry," he told The Business. He is DC.
"So that we're not just mining a project, but we're refining it and we're doing more technical development work and really becoming an advanced manufacturing base in an emerging industry."
I also found this very telling, I was not previously aware of this initiative.
The government is budgeting to invest a further $1.5 billion over seven years to support renewables and clean technology projects, a further $1.7 billion over a decade in the Future Made in Australia Innovation Fund, and $549 million over eight years to support domestic battery manufacturing, all managed by ARENA.
I have said it before and I am now even more certain than ever. Sometime in the future RNU will be making coated PSG and more than likely completed anodes. The pathway is clear and the obstacles are going to partially be cleared by regulatory and governmental assistance. RNU starts as a graphite producer, moves to making PSG, then coated PSG then finally completed anodes.
Patience will be rewarded here. It is impossible to know how valuable the company becomes in the future, but 10x, 20x or 30x from here is not off the cards.
C74.
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Price($) | Vol. | No. |
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