SYR - Rough review of company SUR graphite potential
Location: Balama Graphite project in Mozambique is the more valuable med-coarse graphite flake. Also owns 100% of Nachingwea Graphite project in Tanzania which has similar geology to Balama. (Company Says Balama is potentially "World Class")
Jorc:
Maiden Jorc expected by early 2013
Target:
None
Summary of better Graphite Hits
From Trenching best 10m @ 31% C
328 Grabs in 8 trenches for avg 16.2 % C, best was 31% C
Currently executing a 15000m drill program
Likely Strike Length / Depth of Deposit
Strike length could be 8km long and 1km wide to be confirmed by further drilling.
Infrastructure
7km to nearest Town with mostly sealed roads to port 265km from deep water port (except for 45km of dirt road which is being upgraded). Town has electricity, internet and phone services. Large Dam is 14km from project site.
Financials(last qtrly):
Cash: $0.47m Approx
Mcap: $128m (Undiluted)
Enterprise Value: $127m
graphite "in a nutshell", page-10
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