General Discussion Topics, page-274

It certainly appears that lithium is currently not as hot as perhaps it should be. Prices are down, some mines are struggling, SYA has for a while been in a holding pattern even after the not so distant CR's and the probability of another one the way things are going.

The Canadian bureaucratic system is slow and tedious certainly in the case of SYA - BAPE approval or otherwise and whilst at the same time talking up investment in the sector.

Then on top is the lagging decision process for NAL - whilst a decision is pending - we've heard that on a number of occasions - perhaps we'll hear yet the same for another month?? Even if decision is reached, is there a guarantee that SYA will benefit and even if favourable, to what extent??

Then the issue of AJM itself - how will any adverse flow on to affect SYA?

If all goes well despite all the above, what is the timeline for SYA to become a meaningful producer in terms of profitability. The possibility of a meaningful SP appreciation may be a while yet - the probability of another CR is more likely. Just as frustrated and disappointed as anyone else - but like with everything else, will have to take it as it comes.