It is a matter of time for AXE.
It's got high purity graphite bulk tested and out to potential customers to secure offtake agreements.
It's process to deliver higher purity graphite (from 99.4 to 99.99) is only being more refined.
It already has a high-end product - how much purer it can go depends on further testing.
SYR has a different product. At this point, they cannot target the high purity >99 market as they have done very little metallurgical testing. .
They have drilled a big resource though - but bigger is not necessarily better:
http://graphiteinvestingnews.com/2826-mickey-fulp-graphite-deposits-prices-energizer-zenyatta-syrah/
SYR probably can supply graphite in the 94-97% range though.
axe versus syr, page-9
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