i think the current concern is whether the price of lithium will fall below those forecasted level in the feasibility study. In some way, China are doing exactly what Indonesia has done to crush the competition and send them out of business which is to increase supply so much the price gets cheaper and cheaper.
SYA was always undervalued at below 10c though, in my opinion. Nothing makes sense and i believe some part of it has got to do with manipulation. The Government says they are watching the critical minerals sector closely but are they? i mean look at Nuix and what happened to them under their nose.
All in all, we do have some positive announcements coming out of this month. 4 days to go for 4C to be released by 31 Jan. I dont believe our last 4C included the revenue received from first spodumene shipment to market so that should be included in this one, increasing our balance sheet for the first time.
Moblan DFS to be released in 1st Quarter of 2024 so thats in the near term. James did say at the AGM that he wants to do this right so he's taking the time to look through this. On the Moblan front, they were having a few issues with local indigenous parties not agreeing with the way Sayona Quebec were operating. Hopefully this issue has been sorted out?
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