SYR 9.26% 29.5¢ syrah resources limited

credit suisse upgrade, page-9

  1. 223 Posts.
    Hi Unawares, without meaning to influence your investment decision at all, I note that CS has also stated that the $5.60 valuation is on the basis of an average graphite selling price of a very conservative $800/t. They state that if this is moved to a less conservative figure of $1,000/t then the SYR valuation goes to $7.80. I also note that the price targets are 12 month targets rather than some nebulous date in the future.
    I hope this helps counter the CS disclaimer highlighted by TJ.
    Oh, and btw, yes CS are hosting the road show. Sounds all good to me. We have a company with a conservative target price of $5.60, 60% above current, being hosted to various international funds by an international tier 1 broker that is also a shareholder and believer in the story - couldn't get much better than that I reckon (well actually it does get better because SYR is not looking for any capital!).
 
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