SYA 3.13% 3.3¢ sayona mining limited

Think there's good reason to consider your logic with...

  1. 86 Posts.
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    Think there's good reason to consider your logic with potentially better upside anyway. Two main reasons:

    - SYA flip-flopped on what they were going to do with the former plant for a very long time and it's maybe a bit too presumptuous to look at that feasibility report as a green light for carbonate. Personally I don't think its been responsible of the company to put this 50% plant narrative in investors minds as that insinuates the plant should qualify for a AACE Class 2 categorisation.

    - Look at the report and how it incorrectly stated its AACE 4 grading when it looks like it actually received AACE 5:

    https://hotcopper.com.au/data/attachments/5541/5541700-7512569d625945a76f3dde97f0d580be.jpg
    https://hotcopper.com.au/data/attachments/5541/5541703-dfe8815e936194585e5d088bbcf98279.jpg
    Part of the reason the project is in fact a class 5 could very well be attributable to lack of confidence in how to price the end product as lithium is a volatile and opaque market. The headlines of the report simply don't mean anything and like many company reports you should read the bottom first not the headline. However the plus side to this is that there's a building with some conversion stuff in it already that could prove much better put to use by building something far less capital intensive that could prove more sellable and even more profitable that could also have a early mover status as a simply better lithium product than alternate spod producers. Could also mean the company doesnt have any need to pour even more into that Amos scheme when there is opportunity to scale when responsible a more intermediate product
 
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