SYR or TON? Time to jump ship?, page-155

extract from The Australian....

Graphite gluttons

ROGER Bade, at London brokerage Whitman Howard, has, as we have mentioned before, a running gag through his daily notes.

Whenever he notes a new graphite discovery, he says — given the stampede of companies into this sector — that soon there will be so much of this material that British supermarket chain Tesco will have a graphite offer of buy one bag, get one free.

But following the latest announcements he suggests Tesco might have to step up its offer to buy one bag, get 10 free.

Provoking this escalation was the announcement from Triton Minerals (TON) that, in Nicanda Hill in Mozambique, it now has the world’s largest combined graphite-vanadium deposit, with 155.9 million tonnes of contained graphite. This is a mantle thatSyrah Resources (SYR), which has the property next door in the African country, had bestowed upon itself when reporting a 117 million tonne contained resource.

As Bade points out, that’s an awful lot of graphite for a world market that consumes only about one million tonnes a year.

But, of course, the field of hopefuls is getting to be the size of Sydney’s annual fun run.

The action is coming thick and fast for Australian companies, but keep in mind that the Canadians are also all over this graphite story like a cheap suit........................

http://www.theaustralian.com.au/bus...looms-for-nickel/story-fnciihm9-1227102834908