General Discussion Topics, page-147300

SB shares some compelling insights into the potential timeline here. While Pierre Lassonde's contributions to the mining industry are legendary, I believe that strict adherence to his model may not always be applicable, especially in the context of a highly volatile and sharply corrective "boom-bust" commodities cycle. It's clear that the initial stages of the Lassonde Curve, particularly the exploration and discovery through feasibility "upswing," are relevant when the commodity in question is in perceived short supply and experiencing a bull market.

This can often be driven by lagging exploration and limited build-out and ramping of production. However, once the "speculation" phase kicks in, triggered by a sharp and prolonged downward cycle in commodity prices, the model's applicability becomes more tenuous.In Sayona's case, the company hasn't yet been able to fully capitalize on the institutional inflow phase or the operational improvements that typically follow ramping to nameplate economics. This is largely due to the sharp downturn in lithium prices and the broader challenges facing the commodities market.

However, the proposed merger offers a potential reset, or a "Lassonde mach deux phasing," if you will.

The likelihood of a resurgence and possibly even a spike in the lithium price cycle could indeed signal a new beginning. This would align with the anticipated stock level build-up and a higher lithium pricing environment expected later in the year.In this new phase, Sayona stands to benefit significantly from the already successful drill campaigns, which have unveiled a substantially larger resource at Moblan.

Additionally, the nearer-to-production Ewoyaa project presents further opportunities. It's important to note that the market didn't fully recognize the drilling and resource enhancement success at Moblan when other players like Patriot and Winsome were reaping the benefits from their respective campaigns. Given this timing, Sayona may find itself in an advantageous position, potentially entering a hybrid phase that combines elements of the Lassonde model with the Wyckoff representations of the Accumulation, Mark-up, and Distribution phases. This hybrid approach could also relate to any proposed consolidation of share capital, considering the significant volume currently in play.

Indeed, these are exciting times ahead for Sayona/Piedmont. The wait for market developments will be what it is, but with the groundwork laid and potential favorable news on the horizon, there's reason for optimism. This hybrid approach and the potential reset offered by the merger could very well position Sayona/Piedmont for a new chapter of growth and success.