MRC has a 2.4m TPA mineral sands project in South Africa and a fully permitted graphite mine in Norway. As you said its MC is under $70mil and is looking at similar downstream processing as Talga who has a MC of $400mil
When you consider both companies are at a similar stage (both likely to supply FREYR) Although Talga has completed significantly more battery development, is this really worth anything if Talga doesn't obtain a mining license?
I really don't understand why Talga don't secure third party graphite supply to move forward their anode business. Or is it a case that Talnode only works with Talga's graphite ore?
I cannot see any major battery manufacture signing up for a sole supply of AAM, which brings us back to the point, Does Talga produce Spherical Graphite or micrographite?
TLG Price at posting:
$1.31 Sentiment: None Disclosure: Not Held
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