SYR SP Discussion, page-254

I get your point, but you are forgetting something.
none of the other graphite companies will be converting there own material into BAM.
my understanding is that we will continue to sell our flake graphite but we will be converting the majority of our fines material into BAM. Once our fines material is converted it will fetch far more than $2100.

the Chinese market is now scrambling to make deals with other graphite companies simply in anticipation that in 2-3 years time we will be taking a lot of our material off the market to use in Vidalia for ourselves. Perhaps that’s why we are not signing any long term deals?
When we take a large volume of graphite away from the market and use it in Vidalia ourselves and sell that material to US car/battery manufacturers , the graphite price soars as we are no longer flooding the market.

Now lets look look at the trade wars.
My understanding is China will have a 25% tariff on Bam exported into the USA.
this means Syrah will be at a competitive advantage vs the current anode producers in China.
american companies will demand BAM from Syrah in some big volumes when the tariff kicks in simply to avoid a 25% increase on the product.
we will be the first mover in the USA which is just perfect timing for these tariffs.

Syrah is neither the Apple or the pear, more like a watermelon on steroids in comparison to the rest.