Thank you for your excellent insights SB. It appears to me that...

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tiko

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02/03/22

12:26

Post #: 59924392
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Originally posted by Silent-Bubbles: ↑

We obviously have to wait for the classification of ' Proven ' verses ' Probable ' in terms of the economics of the DFS. And that is why it will be so interesting. I am not surprised that they are being so conservative with the Measured v Indicated given the past Geological stuff ups including those which were in fact presided over by BBA themselves. At one point it finished in Court.

So they are being conservative. The things we know though are that the Holes themselves have been drilled to the depths as depicted and so the modeling in determining the ' Measured ' and moreover the Indicated has been done with a very high level of confidence. Just look at how many so called ' Experts' and Geologist have been involved.

So much better to be ' Ultra Conservative ' than NOT in this case. And so this is why it has been mentioned not only by myself earlier today but also this poster in making for an ' Interesting ' read on the integrated DFS. We also have the upfront Capital spend and the ongoing Capital spend on NOT just one project in NAL , but also another in Authier.

So yeah there are a lot of interesting issued including future drill campaigns which were talked about just yesterday. Interesting they talk about the ' Boundaries ' and the relationship with the MERN in renting these tenement extensions. I believe some of the shared boundary's have been discussed previously as have the rights to ' Other ' byproduct minerals and northern extensions to the existing NAL pit as well as current located tailing's and byproduct stockpiles.

So there are a lot of issues that can be extrapolated out of this upgraded resource definition today , but we will still ahve to wait for the integrated DFS for the ' Juiced up ' bits........ Personally , I wouldn't think they would distribute to ' Indicated ' if it weren't expected to be ' Proven ' with a high degree of certainty. And they certainly wouldn't commence production with only the Measured category. So its very conservative ......and for an obvious reason.

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Thank you for your excellent insights SB. It appears to me that Authier’s lower estimates are putting it as second fiddle compared to NAL, and that this could be an opportunity to produce from NAL alone at least at the beginning. This could also take a pressure off the Authier permitting and could help the stock price if NAL starts producing soon without the need of Authier. We obviously will need Authier eventually, but I am thinking that Sayona may very well be studying this approach. I would like to know if you and others here have thought about this possibility and whether it is a good path to take To produce sooner or it may not due to mixture of resources, permitting leverage or other logistics.
Thank you and go Sayona!

Last edited by tiko: 02/03/22

SYA Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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