aftermarket lounge 30th apr - 4th may, page-5

The graphite story is definitely the flavour, but when you look at the mc's of tlg, mgy, mox, they are pretty tiny for companies in low sovereign risk countries with a reasonable resource. The cost of the mines aren't very high either, so these could run a lot higher. When you consider the cost to develop a potash mine which was pretty hot with stb there for awhile, but the mc's just got super high in comparison.