Graphite Price, page-694

Blind optimism sure beats blind BS. One even wonders why you hold given every post is good old fashioned whining.

Before spreading mis information - perhaps you should contact a company rep for a clear understanding on geography and shipping routes - then await quarterly or an update possibly in annual report soon. Even google Maersk and shipping routes - understand how shipping companies make money and how all have more profitable routes than others - how several port stops to unload cargo - take on cargo is standard practice - we are not shipping using bulk carriers as with iron ore or coal that do run direct port to port - Pilbara iron ore to Chinese ports - East coast coal to Chinese ports.

Every minerals producer has different pricing structures for different clients. It's all about average prices achieved annually. Some pre sell say 2 years of there whole production at a forward negotiated price for security - some half sell at negotiated forward price and spot price the remaining for example. When market conditions are favorable as we are in - spot is obviously favorable and Benchmark minerals is simply mentioning that Syrah's "current" selling structure is not at full spot price. Fear not - example - Lynas reo's are highly valuable and they to would not achieve the full high PRD/ND price that sees daily changes on Asiametals site - they would achieve a very high average price through there pricing structure just as Syrah will - annually. As we see commodity price changes they are factored into pricing to customers pricing arrangements - however not daily as we see say on Asiametals where the "traders" sitting in high rise offices in Singapore or Shenzen wherever are changing supply prices up and down daily to end users. The actual miners benefit with a combination of forward pricing and spot pricing - sometimes with brokerage firms that negotiate between producer and buyer - sometimes with direct negotiations - It is huge/massive money and like everything far more complex than many would care to understand. Anyway we will see continued rises in average quarterly sales prices achieved for a long time now as quiet evident now the supply squeeze and demand is very favorable for Syrah - however yes not at full daily spot prices as anyone would know and Benchmark mooted.

Have a great weekend all.