SYA 0.00% 3.2¢ sayona mining limited

Ann: Moblan Mineral Resource increases 81% to 93Mt, page-43

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  1. 13,602 Posts.
    lightbulb Created with Sketch. 4672
    It's interesting how things play out , Moblan has always been ramped as the monster, yet NAL is almost as large overall (although less desirable attributes) and we actually have a larger net holding in NAL at 66mt than Moblan at 55.8mt.

    Combined SYA have a net 121.8mt over two assets and one producing concentrator paid for and through its ramp up. That's a huge achievement since aquiring NAL just on 3 years ago.

    The reallity of course is nothing has changed other than the resource size , it all means very little unless you can sell your product at a profit but to the extent it can thats being worked on and the priority as much as anything is preserving those assets even if it means ceasing operations for a while untill prices improve. Not ideal but not the end of the world either.

    In a stronger market those assets have considerably more value than currently attributed to them.

    Cheers Whisky
 
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