Only claimsCan the claims coming from Syrah and Zenyatta be the reason for the present situation?
Syrah claims its Balama Property alone will more than double World Graphite Reserves. Zenyatta claims its Albany Property has a large tonnage of quality material in an ore body grading 5%, which they say, after simple treatment can provide a product competing with Synthetic Graphite.
Syrah's Balama deposit is only an Inferred Resource, but they claim to have more finished graphite reserves than the entire world while Zenyatta's Albany deposit has yet to be defined.
I feel that both Syrah and Zenyatta are both full of Baloney (or Balama), however one wants to put it.