Hello ALL Sayona ' faithfull's '. I'll digress a little bit from the mainstream conversation regarding the NAL ' PFS ' as I had already begun putting together this post. I do however have some additional comments in regards to the PFS , and like others, am currently wading through the material which dropped only yesterday.
I have now been discharged and moved to the care of my own residential environment after an unexpected complication arising from an ' inadvertent ' injury to another internal organ during surgery. I also had to drop what I was doing yesterday as I had a really bad day in regards to unusual ' swelling '.
In terms of my Hospital stay , I was up and about in the wee hours of the morning following my surgery as I just could lie there in that hospital bed. It was very uncomfortable on my backside , so I just had to try and stand for my first time.
So after removing my intermittent pneumatic compression leg sleeves and oxygen nose tube , I stood for the first time around 9 hours after my surgery.
I then sat looking at the beautiful starry night view out my bedside window for the best part of 2 hours until around 5:30 am where I also caught up on reading many posts on HC.
So thank's to most for ALL of your continued and well considered and thoughtful contributions whether they were directed specifically for me, or just representing your continued genuine interest in your Sayona investment...... they were all enjoyable to read through and helped pass the time ......although it was difficult in one sense as I couldn't ' Laugh ' , so had to look away sometimes to regain my composure before moving on , and which is still the case now.
With the Labor win , it will indeed be a very exciting inaugural 3 years of ' Change ' in the area of Electrification , renewables and ' New Industry ' job creation here in Australia as we strive towards genuine ' Net Zero ' carbon emissions targets.
And we know there is already lots happening in Canada in this regard how they are using every aspect of Global ' standards ' developing in the area of carbon emission's expectations , reporting , and funding.
I mentioned a couple of weeks ago how I wrote a paper for submission directly to Albo's office. One of the points discussed was surrounding the notorious effect of regressive taxation policies and in particular those which were designed around the FBT system in the Paul Keating years for ' Different ' purposes. The paper discussed how it may be used to ' fast track ' and promote the leg up in take up EV adoption rates by ' pitching ' first to corporate fleets and perhaps even extending those circumstances where ' spousal ' salary sacrifice contributions are offered up as well.
Shortly after this was submitted , I noted that Albo skirted over vaguely of changes in this area which have now been revealed with even more intention and details from n some of the post election press comments and journalistic reviews.
I believe we should not underestimate just how much of a difference this could potentially make for the adoption of EV , and subsequent expansion and roll out of supporting fast charging integrated networks.
I strongly believe this is how he has been able to significantly ' Woo ' the traditional Liberal Corporate sector vis a vis BCA , and that these ' subtle ' reforms can make a HUGE difference for BOTH the Business community and the Professional and broader workforce in terms of improving salary packaging benefits through these tax and productivity and job creation promoting reforms.
So whether I had an impact there or not , the fact is we will now see these important changes in tax reform without them ever having to have been a ' MAJOR ' up front reform platform as was the case with the 2019 Bill Shorten campaign with his capital gains , franking , and negative gearing reforms.
One significant thing I noticed more broadly in my stay at Hospital was their widespread use and reliance on a lot of things ' Lithium ' . So whether it was the deployment of a bedside ultrasound device running on rechargeable lithium batteries or other temporary bedside measurement and monitoring systems , the obvious productivity benefits as well as ensuring ' maximum ' patient diagnosis success rates was very impressive if not simply incredible in how these devices benefit everyone including their very knowledgeable users.
So that's the other thing I would like to say ......and that is an incredible Shout Out and thank you to all the Surgical team , technical support staff and our most valuable assets in ALL the very knowledgeable Nursing staff who help you get through as well as understand fully your own situation during both your Hospital recovery as well as beyond that when you arrive back home. And it can be very daunting at times.
And it is so amazing how many there are involved in just one single procedure.
I fought the Anesthetic as much as my body decided it wanted to do on its own , but you could see by just looking around the operating theatre , that you got an incredible understanding of just how much Tech , and how many GREAT people were involved. Don't get me wrong , I was completely calm but they ALL seemed to be hovering over me just waiting for me to shut my damn eyes , go to sleep , and stop talking.
Felt like I was just drunk for quite awhile while experiencing very blurred vision...... . .... but I was still talking to them all.....lol .....
Anyway , before I get into my own review and feedback comments regarding the PFS , let me first preface ALL that by saying that there are , and would be many reasons why Sayona has approached the development and delivery of this PFS in this more individual FIRST step manner. Some of the reasons have been discussed previously.....in fact many of them have really . Suffice to say it is quite normal to ' ring fence ' the operation at Authier from NAL from both a Corporate and Industry structure as well as the many tax incentive and allowance differences.
One example that comes straight off the top of my head ( and not sure it is in this PFS because I haven't got that far into it ) , is the fact that given the strip ratio at Authier and what now becomes the defined or definition of ' Ore ' mined as against ' Ore ' sent to the NAL pad for blending. And this may or may not become an important distinction in terms of the fact that there may be potential significant ' byproduct offsets of ' stone ' materials as defined by ' Quarry ' operations in terms of the waste rock remaining at Authier. So will this remaining rock be somewhat offset for other building materials and construction uses - ie road works etc which was previously included in the earlier DFS's as an environmental benefit or credit.
And especially so now that these assorted construction materials have increased so substantially as well.
The other comment I would make off the top is that this arrangement that Sayona is developing between its ' subsidiary ' operations or ' EXPLORATION - EXTRACTION - and MILLING or PROCESSING plays directly into the current and recently expanding tax structures offered to the various components of the Mining Industry.
Not only does it do this , but it also sets a strong ' precedence ' in locking in a Industry accepted ' tolling ' standard cost for receiving ore from other nearby Industry operators as a FIRST step option if they wish. But at the same time , it also makes it almost prohibitive for any of these satellite operators to ' go it alone ' - because they would almost certainly NOT be able to develop their own concentrator and converter facility given they would have to first compete with the ' Authier ' Standard Cost.
So this structure will effectively almost ' lock ' Quebec into specifically funding a great deal of Sayona's more advanced projects as against choosing to start all over again with smaller and much less advanced ' other ' projects. So it looks as though in my opinion we will receive a substantial amount of equity interest and / or finance from Quebec , and it's only a matter of WHEN now ( before their Provincial Elections in October ) ....and not IF.
So on that ' funding ' note , let's just look at a couple of slides which I have cobbled together , and which should depict more of how this ' long ' game in Quebec will evolve and why.
So the FIRST slide shows Quebec's obvious intent on how they will direct and ' feedback ' the different components of these sources of funding. I note also that they specifically state that these funding channels will be reviewed ' ANNUALLY '
(20min delay)