EV1 who also aim to be a vertically integrated graphite co...

EV1 who also aim to be a vertically integrated graphite co recently had their IPO with a company value at around $30m at listing price at 20cps, very similar to what IG will be listing at.They had an intraday high of 67 cents. Their graphite reserve is also based in Tanzania, logistically IG's reserve with Springdale is superior due to less risk and less costs associated with transport.

If you assume IG has a similar opening that would put the market cap around around $90m, in theory $22m of that should reflect on CRL making our current sp attractive, especially if you can't partake in the IG ipo.