New here and have a lack of understanding of the graphite market...

New here and have a lack of understanding of the graphite market but my basic understanding is that Kibaran has relatively high opex and capex, with graphite being a common mineral, shouldn't that threaten future margins if graphite prices decrease?

This is more likely an ecograf play and that is quite a long time to wait for long time holders. Another threat is graphene batteries and I can't dig up too much info about them other than the Samsung bit. Other than sovereign risk, are there any other risks I missed?

All help is appreciated.