$10,000 Assumed Price for 99.9% Slash is correct, the current pricing according to Industrial Minerals Magazine is $5,000 - 8,000 per tonne so the IRR is highly skewed to the upside. Using a figure of $6000 per tonne in the PEA would be more realistic and conservative. Also, including 16% of the upgraded small flake skews the IRR as well as there is likely no market for that product and if one can be found, it would be sold for $3000-4000 per tonne.
Having access to the full PEA will unveil a full understanding of the numbers and tell shareholders and analysts what steps are next in order for the company to produce a bankable feasibility study which will be fully based in reality (what happens to the IRR if you use an assumed price of $6000 per tonne rather than $10,000)?
The market understands graphite mining much today better than it did a year or two ago. It will read between the lines and value the company accordingly.