SYA 0.00% 3.3¢ sayona mining limited

General Discussion Topics, page-98871

  1. 4,408 Posts.
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    Food for thought.

    Moblan is 51 mt @ 1.31% based on 37,000 meter drill campaign completed last year.

    This year Sayona will be drilling 160% more than last year. If they continue to find lithium at the same rate as last years drill campaign they would have a resource of 132 mt @ 1.3% to 1.35%.

    There is no reason to believe that the new drill program will not continue to increase at the same rate as they have not found an end in any direction. As Guy L put it earlier this year. Every hole has lithium!

    https://hotcopper.com.au/data/attachments/5273/5273606-a0383acf2878012a77feba66ce38f44b.jpg

    @ 132 mt Moblan would be only 15% smaller than Liontown's Kathleen valley, which currently holds a 6.5 Billion Market Cap.

    Liontown will also be more technically challenging than Moblan as most of the work at Liontown will be underground instead of open pit.
    https://hotcopper.com.au/data/attachments/5273/5273667-5060b0733c3f85c3bd6d7c6fc31a4e58.jpg
    Moblan will have a very low strip ratio and easy to mine.


    I going to guess that once the 60,000 meter drill campaign is completed they will not have found the outer edges of the resource and will continue to drill.








 
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