Very interesting article and a very logical and in depth explanation from DC.All this explains the delay we have experienced in offtakes agreements.The current Chinese graphite situation is not sustainable and anode users/electric car makers outside of China will be wanting to sign offtakes for graphite ex China even at a premium because it seems a deficit is looming soon.China is close to seeing 50% of car sales electric and it could be needing all the graphite it produces with none left for export.Remember when China banned rare earth exports not too many years ago and Japan came hat in hand to Lynas.
I guess it’s just a matter of time before graphite prices start to creep up and RNU gets the offtake agreements with floor prices that make it feasible to mine.
In the mean time there is $125million in the bank pay for all expenses.I would be interested in your response TenX
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