Have you anything.at.all positive to say about this stock? Or about any graphite stock?
I value contrary views supplied with appropriate links and independent thoughts to stress test an investment, but your constant crop dusting nit pick decoy attitude on this thread is perplexing at best, a little concerning mental health wise and simply, well - boring.
You also forgot a few things when slapping your screenshot of the 14-Sept-2023 ASX release on the card table as if you've just had a royal flush:
- RNU actually have more resource that is not included in the BAM Study data
- The BAM Study supports a 40-year mine life at the full Stage 2 150,000 tpa concentrates run rate
- The BAM Study (remember, those 23/09/2023 results that added 25% to the resource are outside the BAM) has incorporated a mine study that maps out the first 22 years, and produced the LOM OPEX estimates that place us very favourably far left in the cost curve.
So RNU have calculated they can produce 150ktpa concentrate / 100 ktpa PSG for the next 40 years at least at the far left of the cost curve.
That's pretty all that matters financially, at least for the rest of my lifetime.
Geopolitically, we're sitting in just about the premier western jurisdiction.
ESG-wise, we're a country mile ahead of the industry's dominant country and of course better again against the synthetic sector.
SA's green electricity grid, RNU's HF-free processing and our low mine to plant travel miles are hard to replicate.
When the industry participants eventually factor footprint metrics into pricing then watch RNU shine even brighter.
You can call our Siviour small, a low grade stockpile, or an account's plaything all you like.
Discerning readers know better, and know what your name stands for.
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