Yes! There is so much imminent news that has the potential to rerate RNU. Any positive DFS update will be massive.
Still, I think federal government support, especially through the Clean Energy Finance Corporation (CEFC) could be closer than we may think. Maybe closer than the DFS and if it did come, it could potentially be just as massive. Here’s why:
When you really think about it, the CEFC needs to be seen as the driving force that stimulated a new industry before it was a successful project. That’s its role, ie, the recent support provided to Pilbara Minerals to kickstart our lithium industry. But the problem is lithium is intrinsically linked to graphite.
I suspect that the CEFC (including other government departments) are in constant dialogue with RNU. So they get a sense of where things are at and understand that graphite is in a different kind of trading market. But in order to maintain their lithium investments it’s in their interests to act soon for fear that it may stall or slow overall objectives.
Therefore, any movement from them could be viewed as a trigger for other events, ie, the domino affect.
However, if the DFS, PEPR or a binding Offtake appears first, we’d all be happy. To put it mildly.
All IMO, DYOR, GLTAH
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