Pedro, you are quite right, of course, about the SYR MC. I...

Pedro, you are quite right, of course, about the SYR MC.

I wonder if the confusion has arisen because of some slight error, transcribing what Vince Pisani actually said. What was quoted was:

" Very few companies are capitalized over AU$100 million (AU$100M). Syrah and two or three others are around AU$100M, then it falls to AU$50M."

If has second sentence was actually:
"Syrah; two or three others around $100M, then it falls to $50M."

Then it all falls into place.

It is inconceivable that Vince Pisani, one of the best-informed analysts in the country, with a deep knowledge of the graphite industry, would not be aware that SYR has a market cap close to $500M. so he would merely be stating which companies do, in fact, have a MC greater than $100M.

This is pure guesswork, but I think it makes more sense than the words quoted.

Cheers, Prime1