Even at current graphite prices, the economics of Ancuabe are extremely robust. So if the graphite price does increase five-fold, that revenue uplift will all go to the bottom line.
So, on the strength of just one project, Ancuabe, the market capitalisation of TON that would be justified in a climate of higher graphite prices would be breathtaking.
[INTERVIEW] Triton Minerals: Becoming a big player amidst Chinas Graphite exodus, page-14
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