Another clarification - when will management learn??
CLARIFICATION STATEMENT
Syrah Resources Limited (ASX: SYR) refers to its Quarterly Activities Report for the period ended 30 June 2013.
The report included statements referring to cost estimates in relation to development of Balama, mine gate costs and FOB costs. Syrah would like to retract those forecast financial information statements that may imply economic viability on the basis that Syrah does not yet have reasonable grounds for those statements due to the inferred nature of its current mineral resources.
Shareholders are advised that these statements were predicated upon an appropriate portion of the Inferred Resources being upgraded in resource status, which has not occurred at this point in time. Infill drilling of the high grade zones at Balama is in progress. Accordingly, Syrah cautions shareholders from using those statements as the basis for investment decisions regarding shares in Syrah.
Syrah refers investors to the various cautionary remarks and clarifying statements in its announcement of 12 June 2013.
what will august bring, page-6
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