Ioneer have cleared another hurdle and also released a significant upgrade in measurable reserves
This by no means that they are going to get over the line but the probability seems to be increasing significantly. I think this is a company to keep eyes on, if they do get a positive ROD then this is one of the lowest cost Li producers in the World situated right next door to Tesla's Gigafactory. (NB 2019 numbers, I don't know about current cost comparisons). Nevada has extremely accommodating mining laws.
full announcement
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02869029-2A1556823
Not held. On watch list. Would initiate small position in the event of a positive ROD and FID, though there will likely be a lot of dilution and share price volatility between those events and first revenue.
thought I’d check in and see how Ioneer are doing with their struggles to get the rhyolite ridge project through all the necessary bureaucratic and environmental hurdles. Looks like they’re still at it and still have some years to go even squinting through rose tinted glasses.
I’ll check back in another 12 months or so.
if they can jump through the hoops the resource appears very attractive to my uneducated assessment,
