I said ‘riskless’.
Risk always exists, but it's much lower than it has ever been with RNU because of global OECD government objectives backed by laws and initiatives, including the Australian Government's initiative to value-add within Australia (not dig it up and ship it out). Just being located in a sovereign-trusted country wipes away many of our competition. Then you have Siviour's resource size and its flat-lying massive orebody which leads to a low quartile CAPEX. Plus, you have the resource location within an established mining jurisdiction and work force, the proximity to growing and developing infrastructure including green hydrogen and other renewable technology farms.
To further respond to
@Novacastrien. Shovel-ready is a phrase used to describe how advanced a project is to development stage. In the case of the Siviour Project, we have the land acquisition process completed, all necessary governmental licenses which includes the final part of the licence, the PEPR (program for environment protection and rehabilitation) and other lead time such as power have been activated for the mine and concentrates facility. Additionally, funds and support loans are in place.
It will soon be our multinationals' who need to seize the moment. That is the area in which our resource is competitive. To help us break free from the Chinese-dominated supply chain decisions will need to be made within months.
ALL IMO, DYOR, GLTA(Patient)H
