Talga's Current NPV, page-124

@Beach42 Unsure why you have posted historical holdings of MTs. Is it to show us that he has indeed been paid, like every other CEO of a company? The most recent holdings indicate that MT has gone from ~2.5 million shares (2015) to 14.5 million shares as per the most recent annual report to shareholders in Oct 2021. I concede >$1 million in 2021 is a lot to take home, but not obscene relative to other remuneration packages in other companies. Especially considering 71% of that is from shares and options.

The "cash cow" quip is a relative one. If MT takes home $1 million last year, but turns a company TLG into a multi-billion dollar company through permit approvals, EU funding, expertly negotiated offtakes, facility construction, smooth production and resource expansion with limited dilution, then I argue it is money well spent. Especially, if the SP climbs north significantly!

If I'm a CEO and I don't believe in a company and only want the $$$, then i'm not taking 71% of my wage as equity in said company. Mark is proving his belief in the company by amassing a larger haul of shares than anyone of us can dream of. I suspect he has his eye on the long game, and not a "measly" $400k wage.

The proof will be in the pudding, but the graphite run hasn't started yet. No point selling ourselves short with a poor offtake or JV or CR in order feel secure. Security lies in knowing that the supply constraints will intensify and we have a world class resource, "green" anode product, a government who appears to becoming more sympathetic to the needs of decarbonisation and a location well placed at the centre of the planned EU gigafactory explosion. Thus in the fullness of time, the pendulum should naturally swing towards TLG.

DYOR JIMHO