Graphite Price, page-779

Syrah has a legitimate vanadium source and could be helped by the adoption of the V-flow storage modality. Lithium is great for EVs, not so much for stationary storage aside from the freq regulation market. They could put additional storage unit on their side of the meter, so even just allowing the technology to be developed tested and/or proven at Balama would be a positive for their future. I like the facts we have with graphite, and I can see free cash flow soon enough. The downstream BAM in the US is a real key for me in that it indicates the management is willing to take on downstream opportunities which are potentially highly accretive.

All about thinking ahead and getting ahead. I'm in no rush. They are trying to stabilize graphite-based cash flows during some tough times. The vanadium value potential in support of energy storage is a good complement and V-flow tech is very attractive from ESG standpoint. Verner has the right ideas on future growth imo. Riggall on board only means one thing; it's coming. I can wait.