feels like dawn ..., page-5

Hi George,

I have checked recent announcements from Syrah and there is no release of a vanadium scoping study that I can find.

Only the UPDATE ON VANADIUM METALLURGY released 8 April 2014.

In that update Syrah provided an indication on Vanadium pricing. 98.5% vanadium pentoxide sells for between US$12.5-US$15 per kilogram, whereas high purity 99.9%
vanadium pentoxide can sell for about US$500 per kilogram.

Could there be a typo in today's announcement from Syrah? Page 12 indicates a price of US$50 for 99.9% vanadium pentoxide.


Hey Unawares,

Good to see you keeping the thread alive and keeping it real on the neighbour's project. hehe.

The following break up of the graphite markets that Syrah has the ability to capture, provides an excellent illustration of the enormity and potential of this company.


Traditional Graphite Market
•Natural Flake: Price US$700-3000/t, Market size US$1 BILLION.
•Batteries/new applications: Price US$3500+/t Market size US$320 MILLION.

Substitution/Alternative: Price Up to US$15,000/T, Market size US$12 BILLION.
•Synthetic Graphite
– Electrodes – Carbon – Blocks

Carbon Market: Price < US$1,000/t, Market size US$24 BILLION Addressable Market.
•Petroleum Coke
•Calcined Pet Coke
•Other


Syrah has the ability to serve multiple segments of the market as a result of size and low cost.

Low Cost + Largest Resource = Potential to capture multiple market segments.

The time line to production indicates full production QI 2016. 18 months until full ramp up, numerous of takes to be secured, the Balama graphite and vanadium project is entering an exciting phase.


Cheers lute