@forrestfield would prefer not to post on the FGR forum any longer but regarding your post:
Firstly, thanks for the research.
I sort of consider FGR best of breed in some ways too and have followed the story.
My issue is that with the options very close to ITM, you're looking at fully diluted mc of $100M @ 20c. I say 20c, because given the amount of solid plays in the small cap sector atm you'd want at least 100% return on a spec mining stock, to justify the risk.
My question is, exactly how much product and at what price are they going to need to sell to justify a $100M MC?
Now I know everything I've just written above can be negated by that wonderful little thing called "hype" - as we've seen with countless lithium stocks - but thought I'd throw the question out there anyway. The way I see it, graphene businesses will have a slow and steady sales arc, rather than banging out thousands of tonnes a month at $55-60k.
I guess offtake is the key for many of these niche stocks, which is why I'm surprised ATC hasn't run more.
