I don’t agree the cart before the horse on both of those two....

I don’t agree the cart before the horse on both of those two.

There are expensive, long lead community and gov items to piece together before proceeding with approvals, moving people and RAP payments. This includes set timeframes for completion once a project reaches a certain stage. Coming back to complete this when convient could be years in delays, higher costs and possible complexity. Provided the project is highly bankable it’s a risk that can be taken early. Long lead items are another, if supply is tight companies may lock-in significant non refundable deposits before project finance.

SYR has won the race to the bottom regarding graphite production (watch for the expansion reteric to increase as well) leaving MNS and other large players with zero chance imo to compete for volume and price in the short term to sell all their projected production. The logical and perhaps only step is going further downstream to battery plants, even SYR are doing this.