TLG - Media, page-15134

Signal vs Noise. Yes hybrids are great, but this discussion is noise. The signal for Talga is this
A) The Grid

• intermittent renewables are an increasing part of the grid, and growing
• intermittency => more storage is inevitably required, or the lights will go out
• cost of intermittent renewables + storage now competitive so we don't have to worry too much about Peter Dutton's nuclear threat
• some storage will be behind the meter in homes, or utility grade, or if it ever happens, V2G (vehicle to grid)
• some storage will be in the form of batteries / pumped hydro / molten salts / thermal etc
• but whichever way you look at it, more batteries for storage, and many of these will require graphite anodes, and some of these with a low carbon footprint. Even if Talga doesn't go after grid solution, it will soak up a huge amount of batteries with graphite anodes.
• this will stay true until somebody develops a cheaper / better / safer / faster / lower impact storage solution

B) EV / Hybrid

• Both EV / Hybrid will make up an increasing part of the vehicle fleet, and growing
• therefore, whichever way you look at it, more batteries for transport, and many of these will require graphite anodes, and many of these graphite anodes, and many of these with a low carbon footprint
• this will stay true until somebody develops a cheaper / better / safer / faster / lower impact storage solution

So significant demand for quality / low cost / low footprint graphite anodes is there. One can run all sorts of scenarios about growth rates, % of sodium, solid-state, other supply coming online, but I'm pretty sure that it will all point towards this - if you can produce low cost, accessible, greenest, high-quality, low-political-issue graphite anodes, you'll have more demand than you can meet out of one mine in Sweden. Is that worth any price? NO. Is that worth more than $300m market-cap - You decide.