I agree find me another project with 80% margins, 1.7 years...

I agree find me another project with 80% margins, 1.7 years payback, tier 1 Jurisdiction and indicative revenues years out approaching USD2;Bn. Any stakeout would remove competition of which there is little. I don't trade so cannot comment on cash we shares. As an LTH, I would have say if you've found the right company and are an LTH , big retrace say 50% should not surprise you once in a decade. BUT since I think its extremely undervalued, say with fair value at $10. I would not be keen on a 70% retrace I have a huge margin for error.

So you have to decide for yourself, is this undervalued? I rarely buy a stock only for future potential ONLY. I like to buy a $10 note for $2 or less.

And that's how I see TLG as an LTH.

10 years, maybe 3 million tones of anodes graphene at say 70% margins. So revenue of $30bn plus with huge FCF.

TLG is "Globally Significant ". The EU and BEV industry will not allow it to fail.