With the resource upgrade, mining licence approval and DFS we...

With the resource upgrade, mining licence approval and DFS we cant be sitting at these prices for much longer (a measly $20m MC).

The DFS will see a larger resource incorporated into it, leading into a raised NPV.

The current CAPEX, NPV (All AUD) and payback periods.

Immediate large scale start up (concentrate only);

CAPEX; $132m

NPV-10; $666m

Payback; 1.8 years

Staged approach (concentrate only);

CAPEX; $160m

NPV-10; $542m

Payback; Stage 1- 3.1 years/ stage 2- 1.5 years

Immediate large scale start up (concentrate and spherical);

CAPEX; $221.5m

NPV-10; $889m

Payback; 4 years


These numbers are all great, especially  when compared to other battery metals like cobalt and vanadium, which have a CAPEX much higher than RNU. Lets see what the DFS can come out with and hopefully we'll see a nice little bump onto the NPV.

Will graphite hasn't seen the hype which CO and V have experienced, when the realisation that this project is going ahead RNU will see an inrush of investors and traders leading to a substantial rise in the share price.