SYR 2.11% 46.5¢ syrah resources limited

Is Cash Positive Syrah possible? and How?

  1. 9 Posts.
    lightbulb Created with Sketch. 16
    I just wanted to put an idea to be considered as an alternative, as someone involved in the Balama project at the very early stage till the production,

    Coarse flakes (+80 mesh) are short in the market and generally sold for premium prices. If Syrah could change its product mix towards coarser fraction than average price would increase to a level that Syrah can generate profit.

    Balama has different mineralization zones, special one is called Balama East which is on the contact of the Granite instrusive. Balama East has the largest flake graphites even upto 6 mm.

    On the Annual Report dated 30 June 2014 (https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTkYI5wu%2FpnOfsplJ2%2Fk%3D) it was mentioned that;

    " During March 2014, further test work was performed on Balama East graphite by a potential European customer using simple flotation. The grade of the ore was 19.2% TGC. The results are shown in the Table;
    https://hotcopper.com.au/data/attachments/5530/5530445-67bf733793088917bcce79d763744689.jpg
    Approximately 56.8% of the processed material is coarse to very coarse (+80 US mesh). The results show an excellent concentrate grade across all size fractions"

    If a mine production could be performed from Balama East and same results as above could be achieved towards coarser fraction than average sales price of over US$ 1,100/ton would be possible as shown below.

    https://hotcopper.com.au/data/attachments/5530/5530442-db0384015a48318836d930374db532ca.jpg


    I think, this would probably make Syrah a cash positive/profitable company.

    Please don't shoot the messenger, I am just trying to put an idea to be discussed.
 
watchlist Created with Sketch. Add SYR (ASX) to my watchlist
(20min delay)
Last
46.5¢
Change
-0.010(2.11%)
Mkt cap ! $398.9M
Open High Low Value Volume
47.0¢ 47.5¢ 46.0¢ $1.988M 4.242M

Buyers (Bids)

No. Vol. Price($)
15 285710 46.0¢
 

Sellers (Offers)

Price($) Vol. No.
46.5¢ 8610 2
View Market Depth
Last trade - 16.10pm 08/05/2024 (20 minute delay) ?
Last
46.5¢
  Change
-0.010 ( 2.37 %)
Open High Low Volume
47.0¢ 47.5¢ 46.0¢ 1435840
Last updated 15.59pm 08/05/2024 ?
SYR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.