Seeking Alpha

51110

51110
Send Message
View as an RSS Feed
View 51110's Comments BY TICKER:
Latest  |  Highest rated
  • Graphite Stock Strategies For A Second Bubble: David Skarica  [View instapost]

    http://bit.ly/TkP6oy

    Syrah pencils in profit from big graphite find
    BY: BARRY FITZGERALD From: The Australian January 23, 2013 12:00AM


    MELBOURNE-BASED Syrah Resources is about to confirm that its Balama project in northern Mozambique is the biggest known deposit of graphite in the world.

    The market has long expected as much, which is why Syrah shares have raced from 20c a year ago to the last sale at $3.14 a share. But it is only now that Syrah gets to match the expectations with the release of a maiden resource estimate for Balama.

    The maiden estimate is expected today or tomorrow.

    For the first time, graphite producers elsewhere in the world, notably China, will realise the challenge coming their way if Balama can become a large-scale supplier of low-cost graphite. The market is tipping a global resource of more than 50 million tonnes of contained graphite, within which two high zones have been identified. The global resource estimate is expected to increase further once a resource estimate is made for Balama East. On a combined basis, there is a likelihood that the total contained graphite at Balama could surpass the world's current known reserves of the material of 77 million tonnes, albeit with the latter having a higher degree of confidence.


    On average, graphite currently sells for about $US1500-$US1600 a tonne, down from last year's highs of $US2000 a tonne.

    Syrah estimates that demand for graphite is growing by about 3 per cent a year.

    It is used in steel-making, brake linings and lubricants.

    China controls about 80 per cent of the world's supply.
    Jan 23 06:29 AM | Likes Like |Link to Comment
  • The Graphite Investment Boom Is Just Starting [View article]
    Ben's gone quiet. SYR will report their initial JORC for Balama West very soon. They said Dec/Jan so it must be imminent.
    The "conceptual target", in other words "best case scenario" for Balama West is 400-500M tonnes at 10% TGC. Let's see what it actually is and how that will impact other graphite companies trying to fund development.
    Jan 16 01:53 AM | Likes Like |Link to Comment
  • The Graphite Investment Boom Is Just Starting [View article]
    SYR have changed the graphite landscape. Their resource is clearly larger than all other graphite deposits combined. The cost implications for other graphite hopefuls are huge. Good luck trying to compete with Syrah.
    Jan 13 08:56 AM | Likes Like |Link to Comment
  • The Graphite Investment Boom Is Just Starting [View article]
    SYR still a pump and dump Ben?
    Waiting for the dump for months and months now.
    Jan 8 07:03 AM | Likes Like |Link to Comment
  • Why Graphite Is The Future, And Now Is The Time To Invest [View article]
    Why do Canadians only look at potential competition within Canada? Seems very narrow minded and financially dangerous to ignore the larger higher grade deposits outside of Canada.
    Dec 30 11:28 AM | Likes Like |Link to Comment
  • Why Graphite Is The Future, And Now Is The Time To Invest [View article]
    Seems to me the market's money is on SYR. $400M market cap (up 2700% in 12 months)
    Dec 28 04:17 PM | Likes Like |Link to Comment
  • Why Graphite Is The Future, And Now Is The Time To Invest [View article]
    Derek,
    Northern Graphite will not be able to compete on costs. Look at SYR's Balama deposit. SYR's market cap has held strong at $400M for the past six months for a good reason.
    Minimum initial JORC expected of 1 billion tonnes (mainly from surface) grading 10% average. Compare that to Northern Graphite's 1.9% grade. They will just not be able to compete on costs mate.
    SYR was the standout preseneter at the recent London Graphite Conference. With a $400M market cap, SYR will not have much trouble raising $80M to build the plant.
    Dec 27 04:31 AM | 1 Like Like |Link to Comment
  • The Graphite Bubble Is About To Take Off [View article]
    SYR is going from strength to strength like I told Ben it would. Ben didn't want to know.
    Nov 22 02:43 PM | Likes Like |Link to Comment
  • The Graphite Bubble Is About To Take Off [View article]
    Daniel,

    I posted two months ago that SYR listed in Australia would dominate the graphite market. SYR has risen from 8c to $2.30 and has a current market cap of $368M. there is a reason for this which people like Ben seem to want to ignore, calling it a bubble. Well, markets globally are very nervous yet SYR is holding up that market cap solidly. I have posted on Ben's blog why Northern Graphite will never produce.
    SYR's JORC is to be completed by year end 2012. I said back in April when SYR was $1.00, if Ben wanted to wait for a JORC he would be paying for a $500M market cap company. Well, SYR are at $368M and closing in fast on a half billion market cap.
    Jul 24 06:38 PM | Likes Like |Link to Comment
  • The Graphite Investment Boom Is Just Starting [View article]
    SYR market cap still holding up well at $400M fully diluted depsite the market turmoil across the globe.
    Must really be somthing to this Balama deposit hey?
    I asked a fund manager yesterday what he thought after visiting the Melborune office of Syrah. "Balama is HUGE. make no mistake about it."
    Just like I said.
    I told Ben Axler this would have a $500M market cap by the time the JORC came out. Well, it's coming out in November/Decemebr and we are already at $400M.
    Jun 26 08:24 AM | Likes Like |Link to Comment
  • Ben Axler's Highest Conviction Holding: An Undervalued, Smallcap Commodities Stock [View article]
    Nice one Ben. High conviction stock hey?
    Jun 2 09:02 AM | Likes Like |Link to Comment
  • More Indications The Graphite Market Is Booming [View article]
    SYR up to $2.40 today. Drilling results out Friday morning Melbourne, Australia time.
    Probably more graphite from surface to 200m. LOL Boring hey? The entire mountain is full of graphite. All outcropping.
    May 30 05:54 AM | Likes Like |Link to Comment
  • The Graphite Investment Boom Is Just Starting [View article]
    SYR now $2.40 and in trading halt pending further drill results.
    May 30 05:52 AM | Likes Like |Link to Comment
  • More Indications The Graphite Market Is Booming [View article]
    Article from Pro Investors:

    "Syrah Resources

    Syrah may not have a Resource yet but it won’t be long, with the company unearthing almost 288 metres of high grade graphite mineralisation from surface at its Balama Project in Mozambique earlier this week.

    With the rapid progress already being made at the project, Syrah is now expecting to deliver a maiden Resource during 2012, much earlier than originally anticipated.

    Graphite mineralisation at Balama has been mapped over a strike of greater than 7 kilometres.

    The graphite flakes being unearthed appear to be predominately coarse to very coarse in size, which is extremely promising as coarse flake graphite generally attracts higher sales prices.

    Metallurgical testwork has shown that Balama contains medium to coarse grained graphite that can easily be upgraded to a high grade 94% carbon concentrate at high recoveries.

    Further upside to the project is the associated highly anomalous vanadium geochemistry, which is widespread and provides the potential for vanadium credits."
    May 28 08:08 AM | Likes Like |Link to Comment
  • Is Graphite The Next Bubble In The Resource Sector? [View article]
    From The Melbourne Age:

    "Junior explorer scores with a hole in one


    The Age
    Thursday May 24
    Peter Ker

    "It was just a single drill hole in Mozambique. The ore has not yet been assayed and a formal resource estimate for the graphite deposit could still be months away......
    The stunning rise- which at one stage edged the stock above $1.93- raised the value of managing director Paul Kehoe's stake by close to $18M.
    The result was all the more remarkable given the poor performance across the rest of the market, with the All Ordinaries shedding 1.3 per cent.
    Mr Kehoe, whose mobile phone was running very low on battery by late afternoon, acknowledged that more work would be needed to formalise the drill results, which were still hitting graphite at the bottom of the 287 metre hole.
    But he said there was little doubt the Balama deposit was significant, given that much of it can be seen rising above ground as a hill.
    "We know more about this deposit than something that might have had 100 drill holes which is underneath the earth," he said. "This is all out-cropping. We are confident it's a world class deposit."
    May 26 01:05 AM | Likes Like |Link to Comment
COMMENTS STATS
30 Comments
1 Like