Main reason was their offtake partner didn't honour the floor...

Main reason was their offtake partner didn't honour the floor price. If they had Altura would not have been in breach of their loan covenents.

Yes it's an experience that the BOD didn't want repeated and have learned that particular lesson well, it's why we are still going now although not totally out of the woods yet.

Could there be another boom in Lithium prices, yes, but projects are built on long term assumptions ( read best guesses) in $US and the DFS LOM price received based on 5.4 - 5.82% Li20 average from the NAL concentrator was $US 1352t, so not a long way from where it is now. So while that can be very profitable if AISC Is nearer $US700t it doesn't generate huge revenue as we are are a small producer and of course at the moment neither parameter is being met.

People say why are we so undervalued, I say let's wait to we prove profitability so a realistic value can actually be established , a plant losing money has very little value as do its non producind assets. Currently our MC is $453m which is quite good for small producer losing money IMO.

What I'm trying to say is enjoy the current shareprice move but temper your expectations and be pleasantly supprised if they're exceeded. On potential SYA has considerable value but potential is something that takes time to be realised, if at all.

Ramping has already started which is almost as destructive as downramping.

Cheers whisky