RNU renascor resources limited

With current PSG prices so low this could impact FID badly could...

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    With current PSG prices so low this could impact FID badly could it not.

    The BAM Study shows a PSG gross operating cost of US$1,782 per tonne over the first 10 years of
    production is that not currently close to the selling price, am i wrong? tell me i am.

    " Renascor expects this potential supply deficit will lead to increased PSG prices. Since
    2022, PSG prices have ranged between US$2,000 and US$3,800 per tonne, with a current reported
    spot price of US$2,475 per tonne. Independent marketing consultant, Fastmarkets, has forecasted
    the PSG price to increase from US$4,150 per tonne in 2024 to US$5,035 per tonne in 2033 (averaging
    US$4,716 over the ten-year period)."

    once again they state at the bottom of that paragraph..."Fastmarkets, has forecasted the PSG price to increase from US$4,150 per tonne in 2024 to US$5,035 per tonne in 2033" it is 2024 that has defiantly not happened, the price is currently less then half that?

    A positive FEED result doesn't mean that the FID will also become positive. Since each project is ranked based on various factors, including return on capital, risks associated with the project and financial options, many projects may have positive FEED result. Still, they might be highly risky, making them hard to forward into the FID stage. Weaker market demand for a product may lead to delay in the FIDs. Currently with such weak market demand and prices in the toilet would it not be quite risky to approve FID.

    PSG goes up Stock price goes up, no matter what announcements we hear nothing has greater power look at other companies that receive offtakes, nothing happens, we need this products value to go up, i know its a waiting game but how long is that if ever?
 
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