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2.94%

3.5¢ sayona mining limited

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Shavalava

236 Posts.

11

03/06/23

07:35

Post #: 68110904
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Originally posted by Megafauna: ↑

Here is what the Saudis are willing to pay for lithium concentrate:

“Subject to the successful commissioning of the plant, EUR will sell the lithium spodumene concentrate to the JV company at a reduced rate with a floor price of $3,000/tonne and a ceiling price of $7,000/tonne over the life of the current resource of the Wolfsberg mine.”

https://www.mining.com/subscribe-login/?id=1119318

These amounts are in USD, it equates to a floor of $AUD5000/tonne and a ceiling of $10,500/tonne.

Given that SYAQ will have 60,000 tonne (it might be more) of uncontracted concentrate to put to market we should expect to fetch somewhere between $AUD420 million and $AUD630 million this year. This is on top of what we will get from the PLL off take.

There is always the possibility that SYAQ may not wish to commit to an OTA and take their chances on the spot market.

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The OTA may provide the market confidence that SYA will have a certain amount of spodumene concentrate to sell, hopefully with NAL ramped up to nameplate in 6 months as they say. Spot pricing doesn’t have the advantage that it used to in my view.

I suspect the large number of new short sales at low SP suggest that many are skeptical about SYA reaching nameplate

SYA Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.5¢		Change 0.001(2.94%)		Mkt cap ! $349.9M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.4¢	$139.4K	4.007M

Buyers (Bids)

No.	Vol.	Price($)
22	5321807	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	8214708	29

View Market Depth

No.	Vol.	Price($)
22	5321807	0.034
39	12275226	0.033
52	8831913	0.032
33	9842708	0.031
59	10396072	0.030

Price($)	Vol.	No.
0.035	8214708	29
0.036	16647905	38
0.037	12065681	37
0.038	15881556	34
0.039	5707505	18

Last trade - 10.55am 11/10/2024 (20 minute delay)

SYA (ASX) Chart

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