Yeah man. You've been around the mining business so you will very well know. What's the point of going to the trouble of digging the stuff outa the ground if all you can do is basically keep you head at the waterline by treading water on you sales / cost margin. You CAN'T be supplying ore at US$900 per tonne when your business / JV is virtually screaming for the need for cash. And its not good for Piedmont either. They are at risk of being dragged down with it. In fact they are part of the cause.
But they are especially at risk if Sayona have to suspend the operation and JUST focus on Moblan with some other partners.
No point in sending spod virtually around the world. Better off stock piling it and waiting for Nemaska. Now I now why Nemaska is not actually concentrating spod at Whabouchi yet. Better to wait for the Chemicals , then start mining the concentrate. Its a real back against the wall type scenario here for NAL.
And surprise surprise its the same old BOD members who have got us into this again.
Ann: First Lithium Shipment Boosts NAL Revenues, page-47
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