Ann: Q1 2019 Interim Update, page-82

it’s not profitable yet, so it’s speculative, can’t just p/e multiple unfortunately.

big picture is pretty simple. Biggest graphite miner in the world should have low cost (efficiency of scale). It should squeeze out all other producers when prices are low (like now) preventing new supply or forcing expensive supply to turn off. When graphite demand grows (it might not) then syr will be the main beneficiary.

its not a short term gamble. It’s long term with a degree of risk. risk is it will collapse before getting there, or alternatively graphite demand just won’t grow.

I’m hoping for 4x or 5x return over say 3-4years