RNU 5.68% 8.3¢ renascor resources limited

RNU - Summary as at 24 Feb 2018

  1. 3,058 Posts.
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    I’m not normally a new thread starter but I had need to collate data on RNU into a summary and this is it.  Also referenced here is @wombat777 great analysis work on the financials so we have everything in one place.

    Here’s Wombats financial analysis for ease of reference...
    https://hotcopper.com.au/posts/31008418/single

    And here is a summary of what RNU is all about, in Chill’s simplified, easily understood terms.

    World Class Siviour Graphite Deposit

    • Located in a South Australia - low sovereign risk
    • Close to rail, road and port facilities
    • Workforce nearby in Whyalla and surrounding districts
    • Supportive State Government
    • 6.4m tonnes of contained Graphite (indicated and inferred)
    • Open to north, east and south of inferred Resource
    • Flat lying and shallow
    • Low strip ratio
    • Largest Graphite deposit in Australia
    • 9th largest Graphite deposit in the world
    • Life of Mine is 23 years
    • Outstanding metallurgy with 48% of concentrates between 150 and 500 microns
    • 99.99% purity spherical graphite produced from Siviour
    • Battery grade spherical Graphite produced from Siviour
    • Siviour concentrates suitable for expandable graphite and other high-value markets
    • China-focused commodity marketing advisor Mastermines appointed by Renascor
    • Pre Feasibility Study expected by end Q1 2018
    • Initial Mining lease application underway and to be submitted by Q2, 2018
    • SOI as at 22 Feb 18 = 664.89m
    • MC of $21.28m
    • Last SP close = $0.032
    • 52 week range = 0.015 - 0.051 (not showing on graph below because the high happened in early Feb 17 and fell away quickly. See a 2 year chart to validate if need be).

    54007629-27ED-423C-A5B6-ABDE550356D9.jpeg

    RNU is progressing this project as planned.   Any sniff of an offtake, MOU, term sheet or other instrument will see a significant re-rate to the current SP.  Samples are being prepared for testing by customers and by end of Q2, I think we will have a fairly good idea of the immediate future of RNU and a better idea of the timeline to get there.
    Last edited by Chill: 25/02/18
 
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Last
8.3¢
Change
-0.005(5.68%)
Mkt cap ! $210.9M
Open High Low Value Volume
8.8¢ 8.9¢ 8.3¢ $5.617M 67.56M

Buyers (Bids)

No. Vol. Price($)
5 1201973 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.4¢ 10400 1
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