SYR 3.85% 20.3¢ syrah resources limited

SYR or TON? Time to jump ship?, page-41

  1. 2,463 Posts.
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    Hi Toby,

    Yes good and valid point.

    But.......... Difficult to argue the paragraph quoted by Credit Suisse outlining the depth, incline at 45 degrees and the geometry suggesting to recover 26 million tonnes requires the removal of 580 million tonnes of waste. A strip ratio of 22:1....!!

    There's more... "The rich quartz zone will be harder and more abrasive than SYR's free soft milling deposit. Liberating hard quartz from Graphite implied flake destruction."

    Cheers Lute
 
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