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
Cdchi1 is right. Michael Slifirski, research analyst at Credit...
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Last
29.8¢ |
Change
0.028(10.2%) |
Mkt cap ! $300.1M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 30.0¢ | 28.0¢ | $1.416M | 4.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 169272 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 448424 | 21 |
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| Last trade - 15.58pm 10/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |