Ann: Balama Update, page-14

Of course. These guys sit around the table and talk big machinations like price of commodity, global demand etc. The arguement im guessing is that the s-curve doesnt start until 2022, when Bloomberg suggest ev's hit parity of price.

Too much time for the price of the commodity to rely on steel production? Or are there surprises along the way? Forget about the fact that may be so much steam behind this technology that elon really can deliver amazing performance in his new trucks and cars and home batteries and eliminate range/storage anxiety...

The clincher for me is actually the low prices for graphite - the thing i think these shorts might be betting on. To increase supply, miners need incentives i.e. sustained price increases. They are obviously not getting this from the general graphite market which has looked rather benign the last few years. They need high purity and finance which have proven difficult in some respects. When supply gets tight Syrah is the clear winner.

Unless im wrong and the shorts really are on the cusp of getting the hell out!

R1