Drone Arial view of Syrah's Mozambique Balama Processing Plant, page-7

The market certainly has kicked since quarterly update as evidenced below

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0		syr	asx2000			syr	asx2000
1	4/01/2016	3.85	5270		31/03/2016	4.06	5082
2	30/04/2016	4.73	5225		30/04/2016	4.73	5225
3	movement	0.88	-45		movement	0.67	143
4	4 months	23%	-1%		1 month	17%	3%

A new MOU with Marubeni to secure spherical graphite offtake agreements with anode and battery producers in the Territory (Korea) by 30 June 2016 should continue to influence positive sentiment