My basic calculation
It seems they just have permitting in Norway, but still need permit in Australia. The Norway mine is small.
Australia way better place to apply for permitting.
Talga total contained graphite 9.7 Million Tonnes.
MRC total contained graphite 1.36 Million Tonnes.
Seems Talga have 7.1 times more graphite. So MRC valuation could be 74 Milliion Market cap, but not sure where they are at with AAM Technology.
MRC Norway Skaland (Have permitting)
1.78 million tonnes graphite ore
Grade 22%
391,600 tonnes contained graphite
MRC Australia Munglinup (Still need permitting)
7.99 million tonnes graphite ore
Grade 12.2%
974,780 tonnes contained graphite
(20min delay)