Thats why there are offtakes signed.
SYR will turn around. They’ve had a LOT of problems which seems to have sorted out. I’d like to know what their offtakes were originally. Were they at market price or were they a set price which happens to be quite low. SYR never did include freight when they put out their DFS. Who knows what their original deals were.
As far as I can see TON don’t need to be compared to SYR at this stage. Their ore bodies are completely different and both are selling to different markets. TON will be mainly expandable markets and there’s not so much supply around for that. With the changing govt requirements for cladding etc this should see TONs Graphite fetch a good return. Time will see. As I’ve always said good luck to the SYR shareholders I hope they turn around soon.
cheers
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Price($) | Vol. | No. |
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