Volt in Canaccord broker Research, page-4

This is not a research report on VRC, where it mentions Volt it is basically a fact sheet noting that Volt is an ASX junior in the graphite sector . All the talk on this forum about Cannacord being behind this company seems over hyped as they clearly don't have a rating or view on Volt in this document.

Canaccord have written a 62 page report that covers 7 different companies.

Out of all that they come up with one company that they put a recommendation on and that is Syrah with a "spec buy" only. This is a company that has raised $400 plus million in equity, is two thirds of the way through construction of a mine at Balama and is fully funded to do so by middle of 2017. Has no debt and is building it's own spherical plant .

And yet it's only a spec buy!

IMO its highly unlikely that they are going to put a similar rating on VRC on the back of a PFS . MNS has completed a BFS and they still haven't given that a rating.

The one interesting thing is that the pricing assumptions they have used are starting to become more realistic in line with what I have posted previously and that is a basket price between 2016 to 2025 of US 770-926 per tonne which is a 22% downward revision.