Reality check

For all the talk of charts and day to day machinations of price fluctuation in sya, I just thought I would add the following as imho the next few days will be the last to get cheap shares now they are cashed up and ready to go. I have been wrong before and will be again. However this is what I see and focus on from the company website and announcements:

Sayona’s Authier Lithium Project in Québec, Canada is a hard rock spodumene lithium deposit. It has been scheduled for development as an open cut mine, initially producing a 6% Li₂O spodumene concentrate.

Sayona Mining acquired 100% of the Authier project in July 2016. The Company believes it will create significant share value-uplift for shareholders as the project is advanced towards development.

The project’s key attractions include its near-term development potential, access to world-class infrastructure and labour, economical hydroelectric power and its strategic location near North American battery markets.

In November 2019, Sayona completed a revisedDefinitive Feasibility Study (DFS) and is targeting near-term construction pending regulatory approvals, amid growing lithium demand and constrained supply. Sayona has also undertaken studies on producing a premium value-added lithium carbonate product at Authier.

Sayona together with its world-class support team has submitted a bid for the North American Lithium (NAL) mine in Québec. Should the bid prove successful, Sayona plans to combine lithium produced from Authier with lithium at the nearby NAL site, facilitating a significant improvement in plant performance and economics while protecting valuable jobs and investment and creating value for shareholders.

In January 2021, Sayona formed a strategic partnership with leading U.S.-based lithium corporation, Piedmont Lithium Limited (ASXLL; NasdaqLL). Under the agreements, Piedmont will acquire up to 19.9% of Sayona Limited for total consideration of around US$7 million. Piedmont also will invest around US$5 million for a 25% stake in Sayona Québec.

Piedmont also agreed a binding offtake agreement under which it will acquire up to 60,000 tpa of spodumene concentrate or 50% of Sayona Québec’s production, whichever is greater. The supply agreement is for Sayona Québec’s life-of-mine operations and is based on market pricing with a minimum price of US$500/t and maximum price of US$900/t on a delivered basis to Piedmont’s planned lithium hydroxide plant in North Carolina.

SAYONA ADVANCES EXPLORATION ACTIVITY IN CANADA & AUSTRALIA
Highlights
• 27% increase in size of Sayona’s Tansim Lithium Project in Québec, Canada following acquisition of 75 additional claims, taking total project area to 20,256 ha of prospective lithium acreage
• In Western Australia, 3,900 line km airborne magnetic survey completed to advance gold drill targets
at Deep Well and Mt Dove projects
• Increased exploration activity follows strong outlook for both lithium and gold, as Sayona invests in upgrading its Canadian lithium resource base and increasing the value of its West Australian gold and
lithium projects.

NOVONIX TO TEST AUTHIER PRODUCT’S POTENTIAL FOR 99.97% LITHIUM HYDROXIDE BATTERY
Highlights

• Leading battery researcher Novonix Limited to test Authier Lithium Project samples for potential to deliver minimum 99.97% purity lithium hydroxide for batteries for EV makers
• Australian clean tech hydroxide provider, ICS Lithium to support trials by providing product to Novonix, based on sustainable and economical closed loop process • Testing at Novonix’s battery lab in Canada to commence in May 2021, with full testing to include the development of a battery cell based on Authier lithium product
• Trials to reinforce Sayona Québec’s potential to deliver environmentally friendly, cost-competitive and high-quality lithium hydroxide product suitable for fast-growing North American battery market.

Gold

Sayona’s tenure includes rights to eight tenements covering 808 sq km. These include the Mt Dove lease, E47/3950, which is centrally located and only 12km south-west of the Hemi mineralisation. De Grey has also identified gold targets less than 3km to the north, east and west of the Mt Dove tenement boundary.

I haven't mentioned their graphite or even the NAL application in detail for that matter, as two main things stand out for me.

1) If you want to be involved in lithium in North America, chances are you will be in touch with Sayona

2) Sayona could be sitting on a similar hemi style discovery to Degrey mining.

Therefore, at 3 cps or 4 cps, I think this has a long way to go to fair value even with the shares on issue. If they do win the NAL bid, the plant alone is worth the current mc.

Regards