vanadium - what a by-product!, page-19

Prime1,

Reckon the trend of lower prices for graphite and the SYR market cap is pricing in much more than the initial 0.2 -0.4 Mpta of graphite from Balama, being access to the lower value aluminium markets of a few million tonnes of graphite per year as well as this strategic value in two markets. The big if, is can SYR sell 1-3 Mpta of graphite per year in 5-10 years time? If so then vanadium production will also increase, probably alot more than Largo could increase production by at lower costs, which you would expect would make SYR even more valuable. ie If SYR has pushed down the price in graphite market then eventually the same occurance may apply for vanadium with flow on affect to higher cost producers.

Pretty good support on the chart down around $3, some of the pullback is market related but the rest is due to news in the vanadium update.