Ann: Outstanding PFS result support Vittangi graphite development, page-5

Thanks Phil concise summary. So a two year wait before the dollars from this project start rolling in. Revenue in years 1 and 2 of approx $55m should comfortably cover operating costs if stage 2 costs are any indication. If stocks like A2M can be used as a guide for early stage disruptors market cap runs at about ten times annual revenues implying an upcoming doubling of the share price. Longer term, profits over the 22 year mine life exceed $3 billion or $150m annually or roughly 75 cents a share. On a 5% yield that suggests an average share price of $15.

I am hopeful that a BFS will enable Talga to borrow the money rather than go for a CR.

This is just one of four potential sector income streams and we can't rule out the possibility of another deal in the meantime.

I expect this news will foster a lot of interest in the company and it's potential.

I remain positive.