Sayona Mining Limited (SYA)

Question: Why is the price falling?

This is a lithium producer with projects in Quebec, Canada, and Western Australia.

Quick assessment:

See Lassondo curve – investor reality starts to kick in.

Market cap: $1.2B Price 0.12 Date: 18 Aug 2023

*North American Lithium (NAL)

New NAL Milestone with 30,000t Lithium Concentrate Produced – 4 July 2023

First shipment Q1 FY24

120,000 tonnes spodumene concentrate sales planned in H1 FY24

NAL ownership: Sayona 75% | Piedmont 25%

*Abitibi Hub:

Concentrate shipments H1 FY24

Carbonate plant feasibility, permitting & construction & production in H1 2027

Moblan ownership: Sayona 60% | SOQUEM 40%

*Northern Hub:

Concentrate production H2 2027

Carbonate plant feasibility, permitting & construction & production much later than >> 2027

Moblan ownership: Sayona 60% | SOQUEM 40%

My view:

Price will drop further:

There is a big difference between producing & production and then shipment & sales.

If already invested – hold till H1 FY24 then buy more

New investor – wait till H1 FY24 then buy

Increase holdings in 2026