I have read that recycling is easier for some battery materials...

I have read that recycling is easier for some battery materials but graphite is one that they haven’t been able to do to any extent.Somebody may have some up to date knowledge of this.
Also when CXO were in the same position ie pre construction they were around 30c when lithium was at that stage $5000+At that stage they had confirmed off takes with Ganfeng etc. Graphite ex China hasn’t started the price run up that lithium had so to me RNUs Share Price is about right in my view
once we get off takes signed the SP will escalate,probably double or triple but not to a dollar.That level would only occur if Graphite prices charged significantly higher and that remains to be seen.