Cdchi1 is right. Michael Slifirski, research analyst at Credit Suisse, is probably the best-informed graphite analyst in the country. And there are a couple of lines in the latest CS report (of which Slifirski was lead author) which will send cold shivers down the spines of some graphite prospectors.
The main thing: While agreeing that SYR may be able to get $1200 to $1500 per tonne for some sections of the market, CS have reduced their estimate of the overall average graphite price to $800 per tonne. At that price, SYR, with a super-large, rich deposit enabling FOB costs of $200 per tonne or thereabouts, can make pots of money. Market growth, and market share, look set to rise rapidly.
But small, lower-grade deposits may face a grim future.
Cheers, Prime1
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21.0¢ |
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Mkt cap ! $217.3M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $278.6K | 1.346M |
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Price($) | Vol. | No. |
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21.0¢ | 33436 | 2 |
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5 | 149575 | 0.205 |
21 | 574619 | 0.200 |
15 | 830084 | 0.195 |
18 | 1139052 | 0.190 |
3 | 355000 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 33436 | 2 |
0.215 | 66000 | 2 |
0.220 | 264991 | 3 |
0.225 | 280456 | 7 |
0.230 | 75000 | 3 |
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