Ann: Talga Investor Webinar Presentation, page-65

Yeah, you've already posted that one.

You're comparing Talga to an iron ore miner with a resource located in a far more sensitive location. Talga has done a great job in being respectful and accommodating to the Sami's wishes as best they can, while Beowulf have a marred reputation in this regard.

"Beowulf Mining has been ranked as one of the worst oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic"
Overland, Indra (2016). "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic". ResearchGate. Arran. Retrieved 2 August 2018.

You're also comparing graphite to iron ore. One is a critical mineral with a massive, increasing shortage in global supply (that is including China, imagine without) while the other is iron ore. Sweden produce the most iron ore in the EU. There wasn't exactly the same sense of urgency or pressure to approve Beowulf's permits. You're also going back 13 years. How much has changed? Government, EV evolution is now real, securing supply chains etc.

Then we look at the fact that Talga are far more than just a mining company.

Not everything is black and white and you need to distinguish between these things if you are ever going to become a good investor.