Why should Stormcrow include the Balama vanadium in their comparative evaluations? Because, unlike the Sovereign case, quoted by TJ, every time SYR dig a tonne of graphite ore from Balama, the vanadium comes with it, and contributes directly to the profits from the Balama mine. Quite naive to pretend, as Stormcrow does, that the vanadium does not have a direct impact on the profitability of the operation.
By Tobyjack's logic, if Sovereign digs a tonne of graphite ore from their Malawi mine, then, somehow, a tonne of copper ore has magically been mined at their Sovereign deposit at Mt Isa.
But "all above board".
As for the airy presumption, endorsed by TJ, that all the graphite projects quoted by Stormcrow are directly comparable, simply on the basis of their overall average grade, this is not merely naive, it is breathtaking. Tobyjack and Stormcrow are equating projects which differ in size by a factor of a hundred times or more. Uh, uh. Size matters. So does the availability of huge amounts of rich, easily-mined ore, in different parts of the Balama orebody.
But "all above board".
Cheers, Prime1
SYR Price at posting:
$5.51 Sentiment: Buy Disclosure: Held
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