The thing is , do you think its gonna be any different for any...

The thing is , do you think its gonna be any different for any of the other players - aka Patriot , Winsome , and whoever else is ultimately bringing their project to DFS stage.

So there's only so much you can do with the ' Plant ' side of things and the concentrator.

So if best in mining strip ratios and best in mining grades , access , infrastructure etc...... Then there's not much hope for anyone else right. May as well give up mining Lithium.

So the synergies the way I see it are who has the bulkiest best performing concentrator in the shortest possible time frame will ultimately rule the roost in the Northern HUB.

And Nemaska's Whabouchi project already has the head start in that vicinity right.....

And it should be no secret that Quebec would prefer if certain Industry peers ' collaborate ' and work together wherever possible in these developing regions.

And you only have to revisit the EIS Q&A between SOQUEM and Guo Ao Lithium back in June 2019 to see how many times SOQUEM and Quebec reference potential collaboration.

So has Sayona done enough with its acquisition of the Troilus package to satisfy Quebec definitions of collaboration , or is there more to come in this space.....

Could we actually see a ' Shared ' complex in the Northern HUB servicing perhaps Patriot , but maybe also a straight up beefed up processing capacity at Whabouchi. ?

It is interesting though when you talk about forward economic forecast revenue line prices in your DFS modelling.

I mean Sigma used a figure of US$3,300 or something like that for its FIRST 3 years of operations and hasn't even come close in this rapidly falling spot market......

, and yet their ( Sigma's ) valuation is still tracking a market valuation of just under C$2 billion. Interesting that their SP is down 62.71 % on the FULL year and 62.7% for the last 6 months - meaning all the damage has been done to its SP in the last 6 months as they are the same. They were down again another 13..11% lst night and only 11.37% for the last 5 days , so potentially reflecting a bottom for them.

But for ages they were still hanging on to higher values in the face of continuous falling prices which were way below they stated DFS estimates.