I’m comparing some graphite peers and one of these either isn’t being valued like the others and/or is a screaming buy compared to peers:
MNS
MC (current): $350m
MC (peak): $400m
Capex: US$269m
NPV: US$1.7b
Opex: US$502/t
Sale Price: US$2,350/t
Other: BFS completed only but has funding offtakes and infrastructure sorted
VRC
MC (current): $50m
MC (peak): $150m
Capex: US$173m
NPV: US$1.3b
Opex: US$536/t
Sale Price: US$1,685/t
Other: Has offtakes but no funding
MTA
MC (current): $50m
MC (peak): $60m
Capex: US$166m
NPV: ?????
Opex: US$300/t
Sale Price: US$1,500/t
Other: Concept study only but has access to spherical graphite mill
WKT
MC (current): $11m
Capex: US$39m
NPV: US$323m
Opex: US$292/t
Sale Price: US$1,690/t
Other: DFS completed (today) and has the lowest Capex & Opex & highest grade resource
