All I have been reading over the last few days, are people...

All I have been reading over the last few days, are people winching on and on….about the recent $200m raise. What they don’t understand is the cost and times it takes to build a mine, and how expensive it can be.

Look no further LTR Kathleen Project which started with a DFS in 2021, before final decision to start construction in June 2022, and expected to be completed mid 2024 (2 years from start to finish)
They anticipated the capex to be around $758m, which could blow out to $1b as they ramp up to production next year.

Compare that to Sayona $100m purchase of Nal and a $54m development and equipment upgrades in the last 12 months, in a 8-12 ramp up production period from mid 2022 (our capex looks like a $2 shop compared to China), is nothing short of a miracle to say the least.
These are attributed to the experiences and foresight of management, and we as shareholders should be grateful to have the opportunity to be part of this life changing journey.

It’s a journey because it takes time, so just be patient and see how things will unfold.