Thing's don't add up Something looks fishy
Syrah Resources presents itself as having the worlds largest graphite - vanadium resource in Mozambique.Syrah's price fell about 50% since mid June of 2016. This fall occurred after it issued it's Equity Capital Raising Registration Report. Some of Syrah's past data can be found at https://www.google.com/finance?q=ASX%3ASYR&hl=en&ei=nnTzVYnoFOzyiQLdiafwDw It's website is https://www.syrahresources.com.au/
Triton Resources is another company on Mozambique that made similar boasts relative to its having the worlds largest graphite - vanadium resource. Then between March of 2016 and December of 2016 Triton did not trade. Some of it's past data can be found at https://www.google.com/finance?q=ASX%3ATON&hl=en&ei=-nz8VfnjJaOoiALs-J2wBQ It's website is https://www.tritonminerals.com/
It's also interesting that both companies use high 9% cut-off grades to obtain their high grade resources. Syrah has also applied the 9% cut-off grades to its proven and probable reserves,
My understanding of cut-off grades
A Cut-off grade is the level below which material within an ore body does not contain sufficient value to economically justify processing into a final salable form.
Cut-off grades are estimated during a mining feasibility study and might be subject to change due to greater knowledge being obtained about the deposit or changes in market conditions.
Its normal that the lower quality material is intermixed with higher quality ores of a resource. This would make separating them from the over 9% ores costly and could effect the quality of the salable product.
Cut off grades lower overall ore tonnages which allows to increase the reported grade of an ore body as the material below the cut-off grade is taken out.
Could the talk of large high grade graphite – vanadium reserves and resources by the above companies be effecting the progress of other Graphite explorer/developers?