Syrah with BHP Billiton Management, page-2

PatientMan

"No-one disputes that Syrah will be the low-cost producer in graphite but many people question whether we can sell all that graphite"

I dispute your statement. I believe many of the Chinese graphite mines are lower cost and so are the Brazilians.

We at least agree that Syrah key is selling big volumes which will be extremely difficult. Thus the question Syrah must ask themselves is: Are willing to sell at below costs Including Admin costs in order to sell volume or are we willing to sell low volumes at higher prices but then also have higher operational costs and and also higher Admin costs per ton and thus again sell at a loss?