SYR 4.17% 23.0¢ syrah resources limited

npv, page-17

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    FRB

    The start-up scenario is yet to be fully clarified by SYR (not through their own fault) though conjecture from the brief bits we have seen suggests SYR are looking at a 1Mtpa operation producing >200ktpa of graphite. Do you think this represents a lowest risk and lowest capital path? or does it reflect a somewhat adventurous charge into the graphite market? what do you think?

    or have you seen/heard something to suggest SYR will start with something smaller at start-up?

    cheers
    gosouth







 
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