VUL is lithium. We talking about natural graphite play.Syrah...

VUL is lithium. We talking about natural graphite play.

Syrah resources is also a natural graphite miner that will provide active anode material to Telsa. There value today after permitting and offtake agreement and 250 million funding is valued at 940 Million.

So if Talga achieves 100ktpa graphite ore permitting, offtake for 19ktpa of anode material and secures 484 Million funding. They could be valued double there value today. But like I said they already valued at 400 Million when they have not achieved any of those millstones. Why are they valued at 400 Million then. Its because the permitting is priced in already.

Permitting is not the big catalyst. Offtake agreement is the big catalyst. When someone says yeah we will buy your product that you have created. Saying the technology is good.

You can double check the below data for yourself.



Syrah Natural Active Anode Material:

• Current Market Cap of 940 Million.
• Completed mine permitting, not capped at 100ktpa graphite ore, with permitting until 2038. Open pit mine with mine life 50 years.
• Total Mineral Resource of 1,422 Million Tonnes at 10% TGC, Graphite Ore Reserve 108 Million Tonnes at 16% TGC.
• Off take agreement for 8ktpa AAM completed.
• 250 Million Funding for 11ktpa facility completed.

Talga Natural Active Anode Material:

• Current Market Cap of 400 Million.
• Still require mine permitting capped at 100ktpa graphite ore. Open pit mine with mine life of 24 Years.
• Total Mineral Resource of 55.3 Million Tonnes at 17.5% TGC.
• Still require off take agreement for 19.5ktpa of AAM.
• Still require project funding of $484 Million for 19.5ktpa AAM Facility. Will require to issue new shares in exchange for capital.