Yes that's about right, for now, but much less with the DPMG...

Yes that's about right, for now, but much less with the DPMG process (see the video below). But Novonix will expand using cheap US Govt loans, not issuing of more shares.

$1Billion Capex for Talga's expansion is a lot of dilution. I was looking over Talga's IRR and ROI analysis released to the ASX and nowhere do they mention the loss of 50+% of the graphite during the manufacturing process they will use, the CSTR method.

If they are going to maintain their current Manufacturing Costs and the total value JORC Resource of their natural graphite deposit, they will need to at least double the JORC resource in order to compensate for this loss/waste. There is another $20-30million in drilling assay testing and analysis costs.

Jordan Gisege discusses this significant problem from the 3min 20sec mark below for the CSTR (Coprecipitation) method of processing natural graphite into graphite anode material.





Novonix doesn't have any of these issues since their DPMG manufacturing process uses all 100% of the graphite input, zero water, zero toxic petrochemicals and zero heaters and driers.

Thereby significantly reducing their per tonne manufacturing costs from the current $5k per tonne AND CAPEX costs for expansion from the current $5m per tonne/day you mention above. We should get an update on this in the coming weeks/months.

Good Luck with Talga Fantasyboy!