SYA 0.00% 3.1¢ sayona mining limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-172

  1. 1,538 Posts.
    lightbulb Created with Sketch. 165
    Well this is the first problem, any article that needs you to subscribe to them is a bit sketchy lol. Next up is the fact that they say supply is scheduled to grow at these astronomical figures, so they say in 2032 supply could be 66% more than demand, i can vouch that it wont be. I have read alot of articles aswell stating otherwise, more importantly these are backed up be real facts. Such as that Biden plans to have fusion reactors in 10 years, so i also researched how much lithium is needed to build one and its quite astonishing. So if they plan to do that id say thats why lithium miners started really getting that exploration progressing, its probably more doable now than it was when the article mentioning 50 - 160 years worth of current us lithium production was written, however it is still a sizeable amount as you can see. I can assure you if the US gets a fusion reactor most other countries will go down the same path, so we will need ALOT of lithium and governments will pay, have you ever looked at the budgets for infrastructure, its massive.

    Lithium inventories for a 103-GWe generating capacity will require from 400,000 to 1,200,000 metric tons of natural lithium for different power plant designs, which is about 50–160 yr worth of current U.S. lithium production or up to of known U.S. lithium resources.

    https://www.sciencedirect.com/science/article/abs/pii/0360544278900300#:~:text=Lithium%20inventories%20for%20a%2010,of%20known%20U.S.%20lithium%20resources.

    The Biden administration hopes to create a commercial nuclear fusion facility within 10 years as part of the nation’s transition to clean energy, U.S. Energy Secretary Jennifer Granholm said Monday.

    https://www.nbcnews.com/science/science-news/us-aims-create-nuclear-fusion-facility-10-years-energy-chief-says-rcna117340
    Last edited by LStruthers: 31/01/24
 
watchlist Created with Sketch. Add SYA (ASX) to my watchlist
(20min delay)
Last
3.1¢
Change
0.000(0.00%)
Mkt cap ! $319.0M
Open High Low Value Volume
3.1¢ 3.3¢ 3.1¢ $657.2K 20.80M

Buyers (Bids)

No. Vol. Price($)
24 4663949 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 2145533 6
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
SYA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.