Prediction, page-28

Spot on, HappyCats. And there are three other things which are significant in the development of a mine, and which do not happen overnight, and which SYR have now achieved:

- Purchase and delivery of mining equipment.

- Recruitment of quality management and staff to run the operation, and strengthening of Board.

- Establishment of commercial links with major consumers in Europe and China, including new applications (aluminium anodes and recarburiser use).

Some people would like to think that SYR's lead has been cut back, just by finding graphite on their company's leases. They are grossly underestimating both the importance and the magnitude of these key steps.

Being short of cash makes it very hard for a company to get away from the one-man-band situation. No matter how good that man may be, he cannot do everything. Without cash they cannot recruit quality staff. Without quality staff, the tasks do not get done as well as they should (or do not get done at all). If the share price takes a hit, capital raising to get the cash suddenly becomes a big problem. It is a classic vicious circle.

And all the while, SYR gets relentlessly closer to production, and to locking up links with the major consuming partners.

Cheers, Prime1