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home / news releases / SRHYY - Nouveau Monde Graphite - It Sounds Too Good To Be True

SRHYY - Nouveau Monde Graphite - It Sounds Too Good To Be True

Syrah Resources Ltd ADR
  • The company’s Matawinie graphite project and its anode plant are projected to generate an EBITDA of around $270 million per year.
  • However, there are several red flags and I think the operation could be next to worthless in today’s graphite market.
  • The Balama graphite mine looks like a better project and since Syrah couldn’t make it work, I seriously doubt Nouveau Monde can make Matawinie work.
  • Overall, I think Nouveau Monde is a sell and shouldn’t be worth north of $100 million.

For further details see:

Nouveau Monde Graphite - It Sounds Too Good To Be True
Stock Information
Company Name: Syrah Resources Ltd ADR
Stock Symbol: SRHYY
Market: OTC
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