Syrah with BHP Billiton Management, page-25

Sorry this was the complete post :

Hi, you know what is the funniest thing in the picture you posted above about predictions of future flake graphite prices extracted from Syrah presentation ? According to Syrah, prices are going up during the next 1-2 years !!! yet they project to be able to FLOOD the market with 360.000tons of graphite during the same timeline !!! No way prices are going up if Syrah succeeds in its production plan.....which is funny......You cant have your lunch and eat it at the same time...The picture above points out to me that even Syrah management do not believe they are going to be able to ramp up production this quickly. And that is exactly why I am not worried about Syrah destroying anytime soon the graphite market.

Mark my words, Syrah would be lucky if they succeed commissioning their plant by the end of 2017, and produce just 10.000tpa of high quality graphite....expecting Syrah to be able to ramp up production to 200.000tpa+ by 2018 would be ludicrous and basically a miracle in the mining industry....most probably they will recquire another capital raise by mid-end of 2017. Lets see if the capital markets would still support them by then, I expect so many angry financiers who participated last time at 6$......

I really hope Syrah succeeds, but I guess we have different standards of success, for me by success I mean a profitable reasonable 20.000tpa-30.000tpa graphite operation during the next 1-2 years, for others it seems success of Syrah is defined by them achieving an engineering miracle and destroying the graphte market by flooding a 360.000tpa output....to each its own I guess !