"No one calls a graphite mines size by the amount of dirt it...

"No one calls a graphite mines size by the amount of dirt it digs except TLG and you 2. Every graphite mine is known for how much graphite concentrate it can produce, not how much dirt it has permission to dig up"

Stage 1, from Golder's EIA report (the same report that European Investment Bank used to approve €150m debt finance). This also shows that Euroz Hartleys coverage was indeed conservative.




Stage 2 85ktpa anode expansion is still early stages with only a scoping study available.

"You can't produce 19.5ktpa of AAM without having 22ktpa of graphite flake concentrate. TLG won't have 22ktpa until they get their mine to nameplate (stage 2) in late 2030."

Once again, you are confusing nameplate of stage 1 and stage 2. Late 2030 would be for the 85ktpa expansion. There is no information other than your own opinion that 19.5ktpa will take 6 years to build and ramp production.