Hi Names little
If you take the time to look at the last 2 quarterlies you'll see cash backing has barely changed.
At this rate they have 20 years cash available. So perhaps this is what you mean by dwindling.
Indeed at current graphite prices this project, and almost every other graphite project on earth has no value.
- So it comes down to whether an investor thinks current graphite prices are going to change and/or whether geopolitical trade will support it.
You can see in the graph above that Renascor is the 2nd most economical in the world, noting that China is producing at a loss currently.
- So per above, if an investor does expect graphite prices to increase, Renascor is in the best positioned to mint $.
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