Perhaps the most interesting thing about this presentation from...

Perhaps the most interesting thing about this presentation from CEO Shaun Verner is not the specific content, most of which we have seen before, but the underlying confidence that is displayed.

This has been a steady trend over recent months, where we have seen a progressively stronger emphasis on the status of Balama, relative to its competitors, as the pre-eminent world supplier. On this occasion, Shaun Verner has brought home to everyone where Syrah stands, by comparing its position as a graphite supplier, with that of the leading producers of other minerals, in their industries.

This is really throwing down the gauntlet! Syrah is telling the world that they have the mineral resource, the confidence in the market, and the financial strength, to become the world leader, and to do so within the next 12 months.

Coming from a company which has been consistently restrained in its forecasts, and has rarely failed to beat targets, that's a message which may well scare the shorters, and put a smile on the face of any long-term holder.

Cheers