General Discussion Topics, page-23066

@Salubrious

Mate you've got to factor in the facts that they picked up a asset which had had ALL or most of its upfront capital spent on it already. So they picked up this $450 - $500 million spend for basically their share of CASH component of $50 million.

So if you were to rework those NAL NPV's with zero capital needing to be spent PLUS multiplying the Lithium spod prices and Carbonate / Hydorxide prices by 3 or 4 times ......you would have a very very different set of numbers.

There is also the change requirements of Capital on the Authier side of the NPV as well as adding any significant NPV from any further capital spend on NAL.

There is also the Discount Rates which has a significant effect if you tinker with the modelling around this as well. And plenty of other projects are doing just this given the protracted periods of low , stagnant and / or stable Interest rates environments. And Sayona has more or an argument to adjust the discount rate that others who perhaps do not have the relationship with Government and the potential of further investment from Quebec and I.Q.

You also have as has been mentioned many times before , the expected increase in JORC resources across ALL 3 of Sayona's Quebec HUB projects as well as their Australian operations. And this increase in JORC is now even more important to the Sayona operations now that it has an fully functioning and near operating Plant and HydroMet processing facility.

There are of course other factors that you need to consider and which the Market is clearly embracing and factoring in each and every day as Sayona marches closer to securing finance and other approvals which in themselves have been largely de-risked as they have now cracked the $ billion dollar market capitalization.

So the ' Market ' has clearly spoken here and clearly wants this to happen now and so there is not much that you or anyone else can really say or argue that is going to change these forward scenario's from becoming reality.