DoctorFouad, I question your comments on the expandable graphite...

DoctorFouad, I question your comments on the expandable graphite market demand of jumbo flake vs. supply. As I been told their also is excess supply today of jumbo flakes due to the  increase supply from privately owned low cost graphite mines in Madagascar and Tanzania. Yes prices for jumbo flake are much higher then fine flake prices but as supply keep increasing the selling prices will keep declining. The whole graphite market is experiencing excess capacity today. (both fine flake and Large and jumbo flake particle sizes) Thus Syrah market value is only worth the current graphite mining market multiple ( I assume would be  4 to 7 times EBITDA) plus any cash it has and any premium for its vanadium ore value. Syrah management first has to generate a positive EBITDA high enough to justify it's current market value.