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2.22%

22.0¢ syrah resources limited

Future demand for SYR Graphite, page-4

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matthew3163

84 Posts.

7

09/08/18

15:35

Post #: 34836270
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Originally posted by Prime1 ↑

Thanks, PW, for the reminder that, despite the declining share price, development in the industry is still proceeding. But there is still some way to go for Syrah's prospective competitors. Yes, Mustang and Battery Minerals could well get into production in the medium term. I'm not so sure about Northern Graphite, which has been pushing their Bissett Creek prospect (northern Ontario) for about five years, without apparent financing success. Could be partly due to the fact that their grade is about 2% graphite, and their assumed price for 94.5% concentrate is US$1800 per tonne! Even with the reduction in forecasted Balama production for 2018 to around 140K tonnes, that will still leave Syrah with the world's largest graphite mine - in their first year of production.

With what are very probably the lowest costs in the industry, SYR is making things look just a mite difficult for any company still a couple of years (or more) away from serious production.

Cheers

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No point commenting on Northern Graphite no even in the same category just look at the capex as a starting point. The reality is now shorters are winning and shareholders even the most loyal are dropping like flies.

SYR Price at posting: $2.69 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 22.0¢		Change -0.005(2.22%)		Mkt cap ! $232.8M

Open	High	Low	Value	Volume
22.5¢	23.0¢	21.5¢	$1.056M	4.782M

Buyers (Bids)

No.	Vol.	Price($)
1	14	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	2	1

View Market Depth

No.	Vol.	Price($)
8	116062	1.070
10	209299	1.065
8	106613	1.060
6	96647	1.055
10	132219	1.050

Price($)	Vol.	No.
1.075	58078	4
1.080	70753	4
1.085	72117	5
1.090	103210	6
1.095	57928	2

Last trade - 15.59pm 25/11/2024 (20 minute delay)

SYR (ASX) Chart

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