The fact that almost all of the reported metrics in the...

The fact that almost all of the reported metrics in the feasibility study turned out to be wildly incorrect indicates poor risk management on the part of SYR management and I think current and former shareholders should rightly be asking questions. The flake sizes as they are quoted in the feasibility are categorised into "fines" and "course" based on whether they are over/under 100 Mesh so 70/30 was indeed their assertion.

The only reason SYR has been the only player to secure funding is purely a function of them being the first mover in the space. If anything it has provided second movers a lot of insight which they are likely to capitalise on.

With respect to "industry" problems. I am not a WKT shareholder, but contrary to your assertion I think you'll find their only issues have been caused by SYR management misleading the public on the state of the broader graphite market to cover for their own incompetence and indeed WKT is trading around 25% of their DFS NPV pre-funding which does not indicate any weakness at all.

Both TON and WKT called out SYR as misleading the public. A snippet from TON's website below:


I agree that graphite is a buyers market and the $400/t "market" price recently cited by SYR is evidently reflective of the dirt they are trying to sell.