It's because RNU have one of the biggest and most economical graphite deposits to mine worldwide in a safe jurisdiction.
Because RNU have finance cover in place from Dutch Export Credit Agency, Australian ECA and very likely the critical minerals fund to develop at very low dilution.
It's because RNU DO have concrete downstream plans in place to produce high margin spherical graphite nearby for anode market on start up. Port Augusta now likely, cutting transport costs and likely being gifted the land to promote regional development.
AND they have MOUs in place with multiple off-take partners including a few of the big hitters in the industry like POSCO.
And lastly RNU have firm plans to immediately go to published stage 2 or more production levels, bypassing smaller start up - and they also signal further expansion likely to come.
Anything else chump?
RNU chart, page-1588
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Last
7.7¢ |
Change
-0.002(2.53%) |
Mkt cap ! $195.6M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 7.9¢ | 7.6¢ | $246.2K | 3.157M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 534076 | 7.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.9¢ | 132663 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RNU (ASX) Chart |