Sorry Names, I thought you were being sarcastic. You may not be aware that there has not been a feasibility study released on the spherical graphite facility. Perhaps you are quoting from the Macquarie Bank report? If so then that is their view, not the company's. It is also a view which seems at odds with the views of other investment banks such as Deutsche Bank, Cannacord and Credit Suisse. Anyway I'm sure they will continue to form their own opinions and change their valuations as Syrah release more information about its sales contracts, production and processing.
End November Squid Ink, page-59
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