The annual report makes good reading.
I cannot help but think a production partner for ULEY graphite mine is close to being announced. The report states "The project has substantial value as it features high grade, large flake graphite, existing infrastructure, a very long mine life and an increasing market demand"
Also of note report shows recent market price of product has risen sharply. eg +80 mesh latest price now $1500-2000 per tonne, previously $1250-1550/tonne.
This project is looking very profitable imho.
On the O+G front an unsolicited offer has been made for PEL 182 ( Cooper basin)were SER has a large interest.
IMHO at this stage 7c/share would not be unreasonable. Once production is in full swing substantial revenues will rerate the SP higher still.
All this is my view...for what it is worth!! DYOR.
Regards
Pixby
latest report
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