I think (rightly or wrongly) that RNU has an advantage over...

I think (rightly or wrongly) that RNU has an advantage over wannabe graphite producers. Not just with the size of the deposit, close to infrastructure, and the fact it's shallow and low on the cost curve, but also due to our advanced stage of the permitting process.

I am wondering what will happen if time drags on further, and months become another year or two. Will that allow other Australian would-be graphite projects to catch up with us and be close to FID? Could a situation develop where it's this time next year, we're still not at FID stage, and other competing projects in Australia and Canada have used the 12 months to obtain more permits? In that scenario, is there ever a risk of RNU being overtaken and beaten to market by a more aggressive management team, or is the upcoming demand so great it won't matter? Will it matter if we're not the first project in production?

I will continue to hold: forever if necessary! I believe in the merits of our project. Am just wondering what others think.