SYR 3.13% 31.0¢ syrah resources limited

42% fall in SP possible, page-32

  1. 2,808 Posts.
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    Just to point out only 1 glaringly misleading so called "fact" in that graph is the comparison between the purity level graph of SYR and TON.

    Keen and attentive observers should note that the graph depicts SYR at about the 96.6% level. That is SYR's announcement to the market of their "average" level of purity across all flake sizes.

    In the graph TON is depicted about the 97.3% level. That is TON's announcement to the market of purity levels have been achieved "up to" 97.3% purity level.

    Big difference between "average" and "up to". For the record here is SYR's announced results for purity levels:

    Extra Jumbo (+35 mesh) 98.41%
    Jumbo (+48 mesh)98.31%
    Large (+80 mesh) 96.64%
    Medium/Large (+100 mesh) 95.42%
    Medium (+150 mesh) 94.36%
    Small (+200 mesh) 97.03%
    Fine (-200 mesh) 97.8%
    Average = 96.6%

    If an "up to" figure was used in that graph for SYR then it would beat them all. SYR announced to the market that a "customer test reported results of 99.1% purity from simple flotation". However, that would be misleading, just like putting in the TON figure at 97.3%.

    Caveat emptor. DYOR etc etc blah blah.

    Cheers
 
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