Ann: Global Consortium Backs Australian Energy Security, page-22

That's the thing isn't it, we don't actually know how much graphite is required. When do you think they'll tell the market? When they complete a bulk sample test to iron out the exact figures? Do you think they have a rough estimate?

It seems like this MOU could be anywhere from 12.5ktpa to 48.9ktpa (there's a very good reason spherical graphite is separated from natural graphite, probably due to consistency issues. I don't think you can assume it can be supplied from the same mine. Tesla [read Panasonic who build Tesla batteries] would have already done it if they could).

The other question is will the batteries be viable based on MNS basked price? If 48.9ktpa is required over the other estimate of 12.5ktpa it would make the batteries much more expensive. Could they be price competitive?