Absolutely, flake size will be the focus after the IPO....
if we use your example and compare SYR though whom are having difficulty, their valuation is $1.03 billion (undiluted)...
Sarytogan have even more graphite in their resource, start from a 2.5x higher insitu head grade, and potentially better flake size, and its valuation will be starting at $25m
Sure one is in production, and optimising their flowsheet, but the stand out point here is how one is trading 40 times that of the other when its having difficulty and has less contained graphite and starting from a lower con due to lower head grade.
The other point is that on an EV/Resource basis, at 20c, Sarytogan is trading at 0.30, the next cheapest competitor is 1.66... so 5x.... and thats just the next cheapest... the mean is approximately 20!
Risk/reward here is outstanding IMO. I believe this is going to be bid up very hard...
SGA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
