Ann: MoU signed with future German lithium-ion gigafactory TerraE, page-79

Yes, trajectory fairly plain.

Modest 23ktpa conc. needed for single 15GWh GF on 60-70% spherical yield.
BFS economics earmark 141ktpa of production for battery feedstock.
So equivalent of around 6 GigaDreams™ needed to absorb that.
TerraE initial prod. 2 yrs off with full 35Gwh a decade away.
MNS also need to shift another 100ktpa or so in other grades for 240ktpa BFS funding to stack up.

Some wonder whether company can survive couple more years of limp MOU's?
Though 'Blue-sky' GigaSmoke™ may suck in retailers helping 11c'ers to exit left.