Quechee, First the India price chare is for graphite electrodes,...

Quechee, First the India price chare is for graphite electrodes, not natural flake graphite. As for 2nd-year production of 350k Syrah first has to sell out their 1st years production and as cartex has commented this will be difficult. graphite buyers take time to substitute new sources. I will be very suppliers if Syrah sells all of it 1st years production. forth as cartex has commented offtake agreements in the graphite market are non-binding and as I commented we do not know the average price Syrah has agreed to. These new offtake agreements are much needed by Syrah but still, the volumes are small when 1st-year production is targeted to be 160k and 2nd-year production is targeted at 350k. Syrah needs to sell substantial volumes to China to supply their 1st-year capacity of 160k. Investors should be concerned with what Syrah has reported in that they will be cash flow positive in 2018? We are now into 2018 and at 160k capacity, Syrah has to sell 13.33K per month on average and at selling prices high enough to cover all their OverHead to be cash positive. Not an easy task. I hope they are successful. I would just be careful investing in Syrah when market value is so high today.