With regard to the NMG comparison, it's a joke to me. Anyone with experience in the resource sector has heard "grade is king". On that front, Vittangi is in a class of its own. A little math to show why:
- NMG, with a 4.3% Cg deposit and 90% recovery rate, will need to mine ~2.6Mt of ore to hit their production target of 100K tpa anode.
- If TLG mine the same2.6Mt of ore from their 24% Cg deposit with a 90% recovery rate, TLG will produce ~560K tpa of anode. That's over 5x the production volume
- To add insult to injury, NMG is forecasting a sales price of ~$7,307/T for their end anode material (a forecast that has not been independently verified). Benchmark Minerals (an independent price assessment company used by battery manufacturers) forecast that Talnode-C would sell for ~$11,250/T back in 2019 (that price could be quite a bit higher today)
I expect NMG to do very well this decade, because I expect any flake graphite mine that can make it into production to do well. But, they're not in the same league as Talga. Not even close.
DYOR, etc.
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