The point is that Great Lakes Graphite might never actually 'run', if by 'running' you mean producing its own graphite supply. Like most North American graphite projects, the host mineralization is hard rock, that increases all costs from mining to processing, capex and opex.
To those worried about a graphite bubble on the ASX, brace yourselves for a burst coming from the TSX as soon as the reality of non-production hits home. That is part of the wisdom of Great Lakes: they figured that out but still want to occupy the graphite space.
