RNU 4.35% 7.2¢ renascor resources limited

I see you never found that bottle of optimism I left under the...

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  1. 138 Posts.
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    I see you never found that bottle of optimism I left under the tree for you on Tuesday...

    I much prefer Topo's enthusiasm and the article he posted myself, and it's worth reading if you missed it: "Some light hopefully at end of the tunnel
    http://australianminingreview.com.au/commodity-focus-graphite/"

    It contains superlatives such as "Graphite demand and prices are about to skyrocket."

    and "Closer to home there was also an emerging group of Australian-focussed explorers hitting ground. Renascor Resources was a leader of the pack..."

    and "Renascor’s South Australian deposit was considered the largest graphite deposit in Australia, and the fifth largest graphite deposit in the world.
    “But it’s more than just large,” Renascor managing director David Christensen said.
    “We’ve been able to produce a high-grade, high-quality graphite product from Siviour, and our recently completed PFS suggests Siviour can be among the lowest cost producers in the world."


    and “The prices have been gradually rising over the last six-months and are projected to continue this trend, subject to potential disruption,” he (DC) said."

    and "Dr Scogings said another key requirement of miners was to produce consistent quality graphite over extended periods of time.
    “Industrial customers such as refractories manufacturers and spheroidal graphite processors need to have consistent sizing, purity and moisture contents for example,” he said.
    “Producing consistent graphite quality is difficult if the deposit (the orebody) hasn’t been explored/defined in sufficient detail to enable selective mining if required, blending and consistent feed to the flotation plant to enable consistent product stream.”
    Mr Christensen agreed, citing consistency as a challenge that often “gets overlooked” by industry.

    “High-quality and low cost are essential, but the project must demonstrate the ability to be consistently high-quality and low cost,” Mr Christensen said.
    “We think this is where we have another real advantage with Siviour.
    “We have one massive deposit (rather than a series of deposits), so we will always be offering from the same source and delivering the same high-quality."


    and "Mr Christensen said a point of difference of its Siviour project was its location in a modern, established part of Australia.
    “We can start our development without having to pay large sums of capital for infrastructure,” he said.
    “I may be biased, but it’s hard to think why any other place would be better than Australia – provided you can find a high-quality deposit.
    “We think we’ve really ticked this box with Siviour, as the project economics and quality of the graphite product stacks up with any development in the world, including those in Tanzania and Mozambique.”


    and "Dr Scogings said investors were also still treading with caution as they hadn’t seen the dramatic price increases in graphite as for lithium.
    “However, the word in the market is that graphite prices are rising, that the Chinese are importing graphite and apparently are prepared to pay more for higher purity products especially in the batteries market,” Dr Scogings said."
 
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