TLG Chart, page-3011

You can't brush off the Chinese graphite news just because Talga aren't producing yet. The implications of export restrictions are that customers are now aware of the risks of over-dependence and are looking to source from elsewhere. This means that Talga will now have a higher chance of securing purchase agreements at projected DFS prices. Pricing that many investors were doubting up until recently due to China flooding the market and crashing prices. Premium pricing for ex-China supply is now much more likely.

It's easy to throw out numbers, but a 200m MC is a share price of around .53 cents. We will see a collapse to this level based on what? investors becoming impatient? a short attack? From what we've seen, short positions are closing. Unless the Supreme Court puts their foot in it and we're delayed a year, that doesn't seem likely.