Time to confirm what we know and make a few assumptions.
The coy says it will produce 220,000 t of graphite in its first year of operation (2015).
Lets assume this represents a 90% recovery from ore graded at 10.2% therefore the total ore mined would be approx. 2.5MT
This would be at .23%V2O5
Lets now assume we get about 90% recovery of the V2O5.
That's 5000T of vanadium at $25K per ton PLUS 220,000T of graphite at $1.5K per ton.
That's 330 MILLION for the graphite and 125Million for the vanadium. $445million in their first year.
For a mine that would probably cost perhaps 100-110million to establish (allowing 15m for a vanadium recovery line)
that is SPECTACULAR.
My sentiment is buy, but I think it should be BUY, BUY, BUY and BUY again.
Cheers
Neptune
Time to confirm what we know and make a few assumptions. The coy...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SYR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.0¢ |
Change
-0.010(4.17%) |
Mkt cap ! $238.0M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.0¢ | $1.235M | 5.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 655368 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 140188 | 2 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| SYR (ASX) Chart |