Moblan's a good asset ... is it a great asset though? Maybe.But...

Moblan's a good asset ... is it a great asset though? Maybe.

But like always, it helps to keep the context. Moblan is in the James Bay region so this context is relevant (talking hardrock here so Brines and clays not considered). Perhaps James Bay eventually becomes the "Saudi Arabia" of Lithium but at the moment it still has a lot of catching up to do (450Mt v 1,280Mt)

While "Lithia content" ( ore x grade) is probably a better measurement, its a whole lot easier just to compare and rank MRE size




Why James Bay area ... because in Canada that's where the most action is ... The other region is Abitibi and SYQ has 100% of the "action" in Abitibi as NAL is the only mine there, the only spodumene producing mine there, in Quebec, in Canada, in North America



So lets look at the "Action" in James Bay ... and at this point only really interested in the known discoveries (so a MRE)

In a bit more detail that is this.



So James Bay (Arcadium) has the crown just ahead of Corvette (Patriot) but they are pretty much equal

Next up is Moblan (SYA) and Adina (Winsome) ... and both have upgrades coming (which I think will put Adina ahead) ... And don't forget this is at deposit level ... (so for SYA we have only 60% of the MRE).

Don't think Whabouchi (Arcadium) will get much further MRE expansion ... same for Rose (Critical Elements)

What has distinguished Winsome from Sayona now though is that option that WR1 got for itself to acquire the Renard Diamond Mine. If its possible to repurpose the mine infrastructure from diamonds to Lithium then WR1 has saved hundereds of millions and a heap of time in its pathway to production (compared to Moblan). Sure WR1 has to truck it a lot further but it also appears that Adina may be DMS only while Moblan is DMS + Floation. That will go into endless discuss on Recovery% V Opex V Capex etc.

But the game did change in the past week with Winsome's move on Renard. We'll see shortly by how much - will a partner elect to buy-in?

Keep up SYA else you get "left behind"