SYR

3.39%

28.5¢ syrah resources limited

SYR or TON? Time to jump ship?, page-32

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Lute

2,521 Posts.

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23/10/14

09:50

Post #: 14167699
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Originally posted by cdchi1 ↑

"Won't be worth much if you flood market with it."

No they will not flood the market with it. They will sell to existing buyers. If existing buyers are paying $1.2K SYR sells it to them for $1K, if $1k, SYR sells it to them at $800 etc etc. That is not flooding the market, that is supplying the market demand. It of course will kill other companies, but thats a different story.

"I am convinced under 150 m is uneconomic and cost of moving overburden will "

As per my post, there IS no overburden at SYRs project...the strip ratio is almost nil since the deposit is mineralised at consistently high grade from top to bottom, right through, completely continous in all directions.

"As far as vanadium is concerned. Once again people with expertise far greater than ours say the tests they have done to date are not the type that will positively confirm the successful removal of vanadium. "

Uhh did you see who did the tests? Think I'll back them over any heresay posted on these forums.

"I have been told (yes I know you probably think I am making it up) that one of the largest graphite buyers in the world is not convinced about the quality of these ore bodies. "

Whether you are making it up or not is irrelevant to me. As they say, "One person's trash is another person's treasure".The tests have been done on SYRs project, and not least by the actual potential buyers.

"Anyways at 500 million market cap you wouldn't want anything to go wrong now would you? Priced for perfection I would say."

If it was priced for perfection (ie the possibility nothing would go wrong, that they would sell 200k tonnes graphite plus vanadium etc) then the market cap would be multiples of $500M. So no, its not priced for perfection. Its priced at what the market thinks it should be priced at.

Cdchi1

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Just released this morning from Credit Suisse.

Credit Suisse have maintained their outperform on Syrah with a price target of $6.72.

The interesting part are the four pages comparing Syrah and Triton's deposit.

The important part of the note suggests that Triton's Nicanda Hill does not yet appear to be of commercial value.

As previously stated the two deposits are like chalk and cheese.

Cheers Lute

SYR Price at posting: $3.23 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 28.5¢		Change -0.010(3.39%)		Mkt cap ! $294.9M

Open	High	Low	Value	Volume
30.0¢	30.0¢	28.0¢	$1.469M	5.106M

Buyers (Bids)

No.	Vol.	Price($)
24	498635	28.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.5¢	127651	4

View Market Depth

No.	Vol.	Price($)
14	244500	0.280
12	790436	0.275
10	252059	0.270
7	293093	0.265
6	118722	0.260

Price($)	Vol.	No.
0.285	68143	1
0.295	99886	4
0.300	960376	8
0.305	105774	2
0.310	82657	4

Last trade - 16.10pm 11/10/2024 (20 minute delay)

SYR (ASX) Chart

SYR or TON? Time to jump ship?, page-32

NRW Holdings inks $109M deal with BHP for works at Jimblebar

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Sellers (Offers)

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SYR or TON? Time to jump ship?, page-32

Top Stories

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

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The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Cauldron Energy reports "excellent" uranium assays in latest drill run

Issues emerging as Australian companies tackle critical minerals challenge

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News