Foxy 43 that gives me greater confidence that we are on track.We are further along than pretty well all graphite projects and in a perfect position to supply into this market which fastmarkets says will see graphite demand surge by 600% by 2034.
RNUs ECI process will be complete in late this quarter RNU will then have a better handle on project costs moving into construction and so be in a good position to make sure that Binding Agreements offer patient shareholders the return they deserve.Commentators suggest a supply/demand deficit will be emerging in 2025 and beyond.To me I can see why RNU has not been in a hurry,with cash of over $100mill they are getting all the building blocks in place to get construction moving next year.
I must say that I have been a bit impatient waiting but it seems we should get the announcements this quarter which will enhance the project and elevate the SP.Its all my opinion but its why I haven’t sold down this baby.
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