I personally think that is entirely possible. Sigma lithium has lost 60% plus in just a year where it was valued at over CAD$2 billion ( AUD $2.4 billion ) , and at the time of the Moblan acquisition , Sayona and Sigma were basically starting off at that point with the same equivalent market cap. Difference being that Sigma kept going based on tight holding register , lower and greener cost structure , and early takeover murmuring's from Tesla.
So we now have a much stronger project profile and MRE ( particularly at Moblan ) , but don't quite have a handle on the same cost structure as well as the home currency advantages they ( Sigma ) hold in their jurisdiction compared to ours.
They are currently valued at at approximately AUD$1.438.20 billion verses our current $207.7. Thats still a massive virtual 7 times our value compared to when we started a ' Par '.
So yeah , I reckon we could get there ......, and without going ahead with a merger which potentially brings a basket of ' failed ' projects to the table.
SYA Price at posting:
1.8¢ Sentiment: None Disclosure: Held
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