The Globe and Mail reports in its Tuesday edition that Eight Capital analyst Anoop Prihar commenced coverage on SRG Mining with a "buy" ranking and a share target of $1. The Globe's David Leeder writes that Mr. Prihar is the lone analyst on the Street to be covering the stock. His share target represents a 54-per-cent total potential return. The Globe says Mr. Prihar is bullish on the outlook for natural graphite. The Eight Capital stockpicker sees SRG creating value from its wholly owned Lola graphite [project in southeast Guinea, which could begin producing concentrate as early as 2025. Mr. Prihar says in a note: "Although SRG will initially produce a graphite concentrate, the company's ultimate goal is to become an integrated producer of coated spherical purified graphite (CSPG) and supply anode/battery manufacturers directly. The company is currently completing a preliminary economic assessment evaluating the potential to build a CSPG refinery in Europe, North America, the Middle East, or Africa, which is expected to be released in the summer of 2023. In the interim, we expect the economics surrounding graphite concentrate production to be supported by the on-going strength in electric vehicle sales."