General Discussion Topics, page-140951

https://www.marketindex.com.au/news/massive-asx-mining-stocks-review-coal-gold-lithium-uranium

I've provided a link to Market Index recent article which covers views on various commodities and companies. You can pan through to the lithium section and read Macquarie's and Morgan Stanley's views and price predictions. If I summarise Macquaries price predictions for spodumene they are as follows:

2024 US$1,056/t
2025 US$ 975/t
2026 US$1,363/t
2027 US$1,750/t
2028 US$1,925/t

Now if you pan down further to where they address individual mining companies you will note that Macquarie has a Price Target for Sayona of $0.04 with the comment "We cut our estimates for SYA, where earnings are negative until FY28". So Macquarie are saying that with their price prediction of $US1,750/t in 2027 that SYA will still be achieving negative earnings then. Our Cost of Production was $US1,536 last quarterly, so are Macquarie concluding that not only will our Cost of Production not reduce, but it will in fact increase? Their analyses seems to reflect a lack of knowledge of what is actually going on at SYA. How well do they know SYA? How deep did they go in their study of SYA? I would say that if their spodumene price predictions are correct then we would certainly be producing positive earnings in 2026.