Exploration:
This is the key risk for any exploration company, with survival largely based
on the results of exploration. This is largely mitigated in the case of Sayona in having
the near development Authier Project, and also given the results of work to date on the
Western Australian projects.
Permitting:
This is a risk for any near development project, and for Sayona is applicable
at Authier; our view however is that the risk here should not be failure to permit, but time
frames being longer than expected.
Funding:
This is a perennial issue for junior explorers and developers, with Sayona
also facing the prospect of having to look to fund development of Authier (with project
funding markets currently being tight) - this however should be somewhat mitigated
by the expected relatively low up-front capital for Authier. On the other hand, with the
recent raising, the Company is well funded for the DFS.
Markets:
Although relatively buoyant at the moment, markets can turn on a dime and
funding for juniors can dry up very quickly.
Sovereign:
Both Quebec and Western Australia are well developed and regarding mining
jurisdictions - Western Australia ranked 3rd globally in the 2016 Fraser Institute survey,
with Quebec 6th - Western Australia was the highest ranked Australian state and Quebec
the third ranked Canadian province.
|
|
2 |
3 |
4 |
5
| 5
Thread abonnieren
