VXL re rated

Sad to see but the market is re rating VXL and doing so while there is a mini graphite boom on. SYR and TON are being re rated in the opposite direction. They are adding value on the basis that China is securing long term cheap graphite. VXL isn't going to be part of that as the COP is too high. Rather VXL will compete with Chinese downstream processors.
But what I don't get is that the others are still wannabes and VXL is years ahead so should be able to make hay while the sun shines, and the sun should be shining for quite a while. Is the market so predictive that it's saying that the position for VXL has probably worsened in 4 years time so it should be massively downgraded in value now? And has it worsened in the future? There is still the demand for non Chinese graphite and there is the unique arterial flake.
Unless there is a lot we don't know, I reiterate my prediction for a 35c - 45c+ or 30c - 40c+ rally.