Not quite sure why the obsession with peer comparison. There are...

Not quite sure why the obsession with peer comparison. There are plenty of viable iron ore, coal, oil companies that are viable operations with vastly different opex numbers. The ones with the better margins make more money - so what. This was a PFS. If peers can produce graphite at lower cost then good luck to them. It's the same "there's only room for one" mentality. HXG will get into production - assess them along the way. The share px will probbaly be undervalued and overvalued throughout the journey. It is currently undervalued.