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2.22%

44.0¢ talga group ltd

thank you for the detailed reply. very impressive numbers there

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myleogb

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18/11/21

16:18

Post #: 57678722
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Originally posted by sithas22: ↑

The MoU is a positive, but not all that big of a deal. It's the third Talga has signed and none of them actually guarantee cash flow.

The JV agreement is the big de-risking event. Having LKAB on board will assuage any permitting concerns, and Mitsui effectively guarantees financing on a large Capex.

The drilling results could have a positive impact as well. At present, the JORC compliant resource has enough ore to support a 100K tpa operation. For context, Giga Berlin alone will need ~108K tpa to run at full capacity (that 108K will likely be a blend of natural and synthetic anode). As of June (most recent update I've seen), Europe has 38 battery factories planned or under construction (although most of those will be quite a bit smaller than Giga Berlin). Currently, Talga's EM scans suggest the ore body could support a much larger project. If the drilling results confirm a massive resource, the potential to scale the business in the back end of the decade will be enormous - potentially up to 1M tpa with no shortage of demand.

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thank you for the detailed reply. very impressive numbers there

TLG Price at posting: $1.95 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 44.0¢		Change -0.010(2.22%)		Mkt cap ! $167.2M

Open	High	Low	Value	Volume
45.0¢	45.0¢	43.0¢	$516.6K	1.174M

Buyers (Bids)

No.	Vol.	Price($)
1	1100	43.5¢

Sellers (Offers)

Price($)	Vol.	No.
44.0¢	3216	3

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No.	Vol.	Price($)
1	1100	0.435
2	16976	0.430
6	27550	0.425
8	27195	0.420
9	46977	0.415

Price($)	Vol.	No.
0.440	3216	3
0.445	5000	1
0.450	75600	4
0.455	65500	2
0.460	17541	2

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