Grubble
Not saying they have 200M tonnes...it's just a personal expectation that the deposit will be quite large - in fact my expectation is much higher than that. Was just trying to illustrate a point.
As for cap raising prior to drilling...agree would have been nice to see it after results, but they were running quite low on cash, so perhaps they didn't have a choice. Though I expect it might also have something to do with significant interest overseas.
Management have plenty of faith in the project...I fully expect SYR to become a dedicated graphite company, with their other stuff (mineral sands, uranium etc) spun off into new vehicles (though probably not anytime soon since they are all very early stage). I am keen for the mineral sands project to be spun off...will be getting into that heavily if given the opportunity.
Cdchi1
drilling?, page-7
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $274.2M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.5¢ | $966.4K | 3.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 548863 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 128000 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |