I missed the SYR story. but it makes for good reading now, and...

I missed the SYR story. but it makes for good reading now, and hopefully, a good play book

of course the SVM project is much further from port, but still only 50km from rail, Balama is 260km by road from port

and all the other projects SYR has make a mkt-cap comparison pretty hard. but you could say by 'discovering' Balama, SYR has created $330-340m in equity.

Balama was a 4km graphite hill. sampling extended the 4km to 7km of and showed medium coarse flake at 15% carbon with high recoveries. Drilling suggests grade might be a bit better and flake size probably more coarse than medium. drilling has gone down to 250m with graph at end of hole. lab assays aren't in yet.

arguably Balama is worth $335m at the moment

SVM notes on the best three targets

Tuinchi = graphite exposed over an area of at least 7km strike length and 1.5km surface width. majority of the graphite observed is coarse to very coarse flake

Kaolatsitsi = ~70km2 of graphite is exposed. it is a large hill 2.5km x 2km made up entirely of graphite intruded by minor pegmatite dykes. higher grade zone has been identified on the northern side of the hill which has a strike length of about 1.6km.

Mpatodzombe = area of outcropping higher grade graphite surface dimensions 2km x 0.5km, open along strike in both directions.

can't wait for the drilling