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[teilenswert]

Maybe interesting for some of you, as the products of NMG and TLG are very similar to my understanding and it could be interesting to compare both companies. NMG has also recently published an updated DFS. If I remember correctly, NMG is clearly ahead when it comes to environmental/permitting risks, they are also much further ahead when it comes to strategic partnerships/offtakes, or perhaps they have simply taken a different approach by allowing outside companies to participate. Despite all this, their production is not expected to start until mid-2028 and, unlike us, they are at a clear disadvantage in terms of the quality of their graphite deposits. I have not yet fully understood whether the end product is identical, but if I have time, I would like to compare the assumptions of the respective DFSs to better assess the differences. Ideally, one of you will beat me to it.

In any case, their market capitalization is about twice as high as Talga's, and at first and second glance their project seems to be less risky.

https://nmg.com/wp-content/uploads/2025/03/CMQ-Updated-FS-2025.03.25.pdf

 

[mpk1980]

Maybe interesting for some of you, as the products of NMG and TLG are very similar to my understanding and it could be interesting to compare both companies. NMG has also recently published an updated DFS. If I remember correctly, NMG is clearly ahead when it comes to environmental/permitting risks, they are also much further ahead when it comes to strategic partnerships/offtakes, or perhaps they have simply taken a different approach by allowing outside companies to participate. Despite all this, their production is not expected to start until mid-2028 and, unlike us, they are at a clear disadvantage in terms of the quality of their graphite deposits. I have not yet fully understood whether the end product is identical, but if I have time, I would like to compare the assumptions of the respective DFSs to better assess the differences. Ideally, one of you will beat me to it.

In any case, their market capitalization is about twice as high as Talga's, and at first and second glance their project seems to be less risky.

https://nmg.com/wp-content/uploads/2025/03/CMQ-Updated-FS-2025.03.25.pdf

Thanks @teilenswert !

Difficult to compare the DFS numbers since TLGs DFS was published in 2021...but the highlighted numbers demonstrate the the premier deposit we have!

 

[Semmel]

Interesting comparison. It seems they are only budgetting the mine and processing to concentrate, as the CapEx of 415M is less than what we attribute at 5x the production rate and 25x the ore. Best would be comparison to our expansion, though we dont have a DFS there.