SYR should be north of $5 in 12 months when they get their...

SYR should be north of $5 in 12 months when they get their Vidalia plant into commercial operation. The build will be finished in 5 months but allow 3-6 months to tune it up.

They had a month long strike at their Balama mine last qtr driving up their C1 costs and restricting their sales so instead of being in profit they made a loss tanking the SP. With shipping availability nearly back to normal and the price plummeting back to historic levels (up 4x during the shortage) they should finally show a profit this qtr barring anything else going wrong.

The weighted average price they are now getting has gone up every qtr from $480 to $716 last year (see below). The 162kt sold for the year was a record but the inflated shipping costs put a dampener on making a profit along with everything else. Almost there.