SYR is also being priced for a 'mega deposit' however the size is purely speculated this far (as no Jorc) but estimates range from 50mt to 380mt depending who you ask, either way thats 1 order of magnitude bigger than TLG...
The thing that TLG has which I feel is far superior is grade! 23% vs 12.7% (at best, more likely to be 10%ish). and considering the world wide graphite market is so small (1.1mt in 2011) TLG could add 10% to the market for 40 years with its current deposit.
It also has gold, other deposits and a great management team... Undervalued IMO, especially considering despite SYR having potentially 10x our deposit, they have a far less developed deposit and their SP is 20x ours (300mil)..
Really makes no sense to me, but this market is all about speculative hype, look at SIR, 4 drills and people are calling 100mt nickel...
Oh well, I'll stick by my gut and say TLG will be a winner :)
SYR is also being priced for a 'mega deposit' however the size...
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Last
43.5¢ |
Change
0.025(6.10%) |
Mkt cap ! $178.2M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 44.0¢ | 42.0¢ | $101.8K | 237.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 32599 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 60241 | 5 |
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| Last trade - 11.48am 27/08/2024 (20 minute delay) ? |
| TLG (ASX) Chart |