Maybe GFG going into Administration could be a game changer for South Australian's manufacturing industries. The trigger for a range of multinationals to fully commit to investing in an establish mining jurisdiction that is a trusted supply partner into the future. Our neighbour, the Whyalla steel works, will require both the state and feds assistance, over the next few days, big carrots will be dangled to entice one or several multinationals who are looking for supply-chain diversity and security. I'm 'hoping' that will be to RNU's benefit as well.
It's possible that POSCO could be one of them this time. Just as BHP recently bought-out OZ. The significance is that they could have gone anywhere in the world but they chose to invest big on copper in the state of SA for a range of reasons including that Australia is a sovereign trusted country. All this can’t be done in hast. It requires a fundamental shift in their boards strategic thinking and how to navigate the complexities of their current supply. In the light of geopolitical events, that time is fast approaching and what happens at Whyalla could set the tone.
In regard to rare earths, there is a lot of misinformation out there. Like Lynas, Arafura is a hard-rock project so it has many challenges to overcome. Presently, ours has the potential to be a clay-hosted project which if it is, will be so much simpler. To quote Rick Pobjoy from AR3 ‘… the same style that has underpinned China’s massive Rare Earths industry, clay-hosted Rare Earths amounts for only 1% of their total resources, however, production from them is as much as 35%.’ Therefore, if you can get a clay project up and going, you offer so much more than the hard-rock players.
Personally, I disregard criticism that seeks to fill in the gaps. Every business must go through a lengthy procedure, and they typically just provide information that is currently available until all information is ready. For example, RNU discussed in the Quarterly the manufacture of a bulk sample of 730 tonnes of collected graphite ore, of which only approximately 20% had been processed at that time. Some posters will attempt to fill the void with uncertainty when there is so much more to process and data to come. Therefore, in my opinion, that is merely an attempt to fill in the blanks with doubt rather than offering constructive criticism -
take your pick of which Bingo square to use.
ALL IMO, DYOR, GLTA(Patient)H
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