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Column 1Senior Analyst - Mark GordonThe investment opinion in this report is current as at the date of publication. Investors and advisers should be aware that over time the circumstances of the issuer and/or product may change which may affect our investment opinion.into 2018, with this including the Authier development studies and WA exploration.
VALUATION SUMMARY We have completed a valuation for Sayona, with this resulting in a base case Company valuation of A$164 million, or A$0.087/share, diluted for a conceptual funding model for Authier. We would expect this to increase with positive results from ongoing work, with a re- rating on the results of the upcoming PFS update prior to this upcoming Capital raising SYA had a valuation given of 8.7c or a MC of 164 million even after this capital raising I think 6c is possible medium term and 3c short term.
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