Ann: Response to ASX Price Query-KNL.AX, page-46

Riskon, I believe this whole superpit concept has made everyone believe that companies will require huge amounts of graphite. I've read a few times over the years that even now, Tesla would require in the vicinity of 40-50ktpa Max, and that's being generous. KNLs approach is both conservative and yet realistic, and why would sojitz require more at such an early stage if they can't offLoad it. Ask yourself, how much would companies like LG and Panasonic etc be currently using. Maybe in a few years, yes, but no company is currently going to sign a binding offtake for 50ktpa. They'd have stockpiles sitting around for the next few years