Future demand for SYR Graphite, page-16

As old quarterly pricing contracts expire they are getting much better pricing on the new contracts. Guidance is US$500 to US$580 per tonne. However, market is still in slight surplus so can't see any surprise on the upside - unless there is an update on Vandium Reserves or some positives from battery plant in Louisiana. Example, 1 or 2 customers likes the product and locks in a good size order. Have to also hope China keeps closing some of its graphite mines.

Good God with a 50 year mine life, now operating and producing, large Vanadium reserve, $500 million in equity already raised thus far, its market value is now only $440 million (@$1.10 cents per share). Surely if someone wanted to take it over, now is the time to do it. Shareholders just gotta hope is $2.50 or higher.