SYR 2.56% 20.0¢ syrah resources limited

42% fall in SP possible, page-35

  1. 1,020 Posts.
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    PedroPiratinha,

    Perhaps in your following of the graphite forums you missed this post (copied below) by maximusprofit made soon after the SYR off take announcement a few weeks ago.

    May require a second napkin to tweak it a bit but reasonably easy to see why SYR might be attractive to investors.

    redgum

    Nice announcement!
    I'm not an accountant but...
    $1100-$400 cost per ton= 700usd
    $700usX80000tons=$56,000,000usd.
    56,000,000usd/.75=74,666,666aud
    74,666,666aud/164,135,076 shares on issue= .455 = 45.5 cent dividend in a couple of years.
    which is 11.37% dividend on a $4 share.
    With more offtakes to come.
    Please correct me if I'm wrong. Just wrote this down on the back of a napkin.
 
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