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US Piedmont to start production in 2021.
https://www.proactiveinvestors.com.au/companies/news/938408/piedmont-lithium-enhances-senior-management-team-as-it-drives-integrated-us-lithium-supply-strategy-938408.html
Piedmont 1st Jan $27.00 today $40+ and you ain't seen nothing yet.
Posting all my lithium info here on lse under Standard Lithium ongoing. Announced today by surprise 1st production from the mine THIS YEAR ???? WOW.
They haven't even got the mine open properly yet let alone "officially" tested the seams and rns'd the Pre Feasability Study ( usually 18&24 months at least to P F S ) then they have to file a DFS - Definitive Fesability Study which is the crossed t's & dotted i's for full production !!!
Mr Musk wants his rock lithium and this year by the look of things ? Probably worried about Nio, Xpeng and Li Auto taking US market share far too quickly !
See Texas for Teslas new 15 GW planned factory, only noticed it yesterday. 15 GW .... WOW thats f in huge , big factories are up to 2-4GW normally some are pushing 10 GW nowdays. I also note the mine they bought in to on Mondsy in Canada can supply ROCK spodumene processed to carbonate @ 60,000 tons per year down to Piedmont mine and processing plant.
Thats another hint that Tesla will be buying more than just 30% of offtake.
In Ontario Sayong mine is right near 3 10GW battery factories too @@ so Piedmont also get royalties at a % that are sold off , so plenty of demand up there.
Remember the supply v demand thing I posted on ARB last week ? Well ....
As previously said 18-24 months allow for big dilution and just sit tight buying at these levels sub 30 would have been good but its a $1 BILLION Profit mine now that mine is going to get 60,000 EXTRA Tons to process where Piedmont on its own are looking at 20,000 tons as a $1BILLION dollar profit mine. So we are looking at a $ 3 BILLION DOLLAR mine site !!!
Even if it costs $500m to build and an extra 100m shares OR Free carry JV ..... cough cough....this share is going to bo the business. Literally rock solid.
US LITHIUM Piedmont to start production in 2021.
https://www.proactiveinvestors.com.au/companies/news/938408/piedmont-lithium-enhances-senior-management-team-as-it-drives-integrated-us-lithium-supply-strategy-938408.html
US LITHIUM Piedmont 1st Jan $27.00 today $40+ and you ain't seen nothing yet.
Posting all my lithium info here on lse under Standard Lithium ongoing. Announced today by surprise 1st production from the mine THIS YEAR ???? WOW.
They haven't even got the mine open properly yet let alone "officially" tested the seams and rns'd the Pre Feasability Study ( usually 18&24 months at least to P F S ) then they have to file a DFS - Definitive Fesability Study which is the crossed t's & dotted i's for full production !!!
Mr Musk wants his rock lithium and this year by the look of things ? Probably worried about Nio, Xpeng and Li Auto taking US market share far too quickly !
See Texas for Teslas new 15 GW planned factory, only noticed it yesterday. 15 GW .... WOW thats f in huge , big factories are up to 2-4GW normally some are pushing 10 GW nowdays. I also note the mine they bought in to on Mondsy in Canada can supply ROCK spodumene processed to carbonate @ 60,000 tons per year down to Piedmont mine and processing plant.
Thats another hint that Tesla will be buying more than just 30% of offtake.
In Ontario Sayong mine is right near 3 10GW battery factories too @@ so Piedmont also get royalties at a % that are sold off , so plenty of demand up there.
Remember the supply v demand thing I posted on ARB last week ? Well ....
As previously said 18-24 months allow for big dilution and just sit tight buying at these levels sub 30 would have been good but its a $1 BILLION Profit mine now that mine is going to get 60,000 EXTRA Tons to process where Piedmont on its own are looking at 20,000 tons as a $1BILLION dollar profit mine. So we are looking at a $ 3 BILLION DOLLAR mine site !!!
Even if it costs $500m to build and an extra 100m shares OR Free carry JV ..... cough cough....this share is going to bo the business. Literally rock solid.
US LITHIUM mine brings in extra talent to help rapid expanding mine.
https://www.proactiveinvestors.com.au/companies/news/938408/piedmont-lithium-enhances-senior-management-team-as-it-drives-integrated-us-lithium-supply-strategy-938408.html
US LITHIUM PIEDMONT - another view. Enjoy.
https://uk.finance.yahoo.com/news/insiders-buying-piedmont-lithium-limited-015721988.html
TESLA & LITHIUM. Is the buying opportunity going unheard? $ 3 BILLION+ Profit forecast by 2024-25.
https://www.fool.com/investing/2020/11/12/why-piedmont-lithium-stock-popped-17-today/
US TESLA LITHIUM.
https://www.***************************/piedmont-lithium-limited---consensus-indicates-potential-48.1-upside/412952963
One of four such projects globally, Piedmont Lithium is the only project in the United States focused on spodumene conversion for the American electric vehicle and battery storage markets.
Operating Within the World-Class Carolina Tin-Spodumene Belt
The Piedmont Lithium Project is located within the world-class Carolina Tin-Spodumene Belt (TSB) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium from the 1950s through the 1980s. The TSB has been described as one of the largest lithium regions in the world and is located approximately 25 miles west of Charlotte, North Carolina.
Our core landholding currently consists of 1199 acres and we are actively and aggressively adding further options to considerably expand our presence in the region.
U.S. Domestic Lithium Raw Material Supply of Historical Significance
The Piedmont Lithium Project, which consists of options over an initial core landholding is focused on an area that has been explored for lithium dating back to the 1950’s where it was originally explored by Lithium Corporation of America, which was subsequently acquired by FMC Corporation.
Albemarle and FMC continue to operate two of the most important lithium processing facilities which are situated on these sites as a result of the rich deposits of lithium contained in the TSB. These facilities are now at the forefront of lithium research and development with FMC maintaining the Center for Lithium Energy Advanced Research (“CLEAR”) lab in Bessemer City, proximal to the Project. FMC’s Bessemer City lithium processing facility is approximately 14 kilometres from the Project whilst Albemarle’s Kings Mountain lithium processing facility is approximately 17 kilometres from the Project.
The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.
An important feature of the Core MRE, is that 74% or 18.6 Mt is located within 100 meters of surface. The details of the MRE with regards to depth from surface are shown in the table below.
To date, drilling on the project’s 1,004-acre Core property consists of 326 holes totaling 51,047 meters. The MRE utilizes all 326 holes. In general, drill spacing ranges between 40 – 80m. Dike areas tested by drilling at 40m lateral and downdip spacings were eligible to receive an Indicated resource classification, whereas areas with wider spacings received an Inferred resource classification.
Hardly any depth so this will keep CAPEX low, a definate advantage.
All the historic data you could want from the US Geological Survay. Previous grades , tonnage, depths etc confirming the seams found at Piedmont.
Grades above 0.5% are ok. Anything above 1.0% Li is good. Anything above 1.5% and its a good high grade mine.
Li 1.9% in places.
https://mrdata.usgs.gov/mrds/show-mrds.php?dep_id=10078252
"President and Chief Executive Officer, commented: “We are excited by the continued positive news on the exploration front. In 2019 we increased our Mineral Resource Estimate from 16.2Mt @ 1.12% to 27.9Mt @ 1.11%, and we believe there is significant potential for further increases. The Carolina Tin-Spodumene Belt is one of the world’s largest spodumene occurrences, and as we continue to build our land package and have exploration success, the potential for mine life extension or throughput expansion will be an important area of focus.”
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2224-nasdaq/pll/72470-piedmont-lithium-reports-new-spodumene-pegmatite-discoveries-and-final-phase-4-drill-results.html
US LITHIUM PIEDMONT up again 8.5% .... dyor. Tipped this at $27.00. If you read the ASX forums the move to US repatriation makes it easy for 2 possible reasons :-
1 - Easier to gain the finance US Critical Asset being financed by US funding and state
2 - Takeover ! Hardly any shares and 100% owned with Tesla as first off take partner.
Australia investors are a different breed. They love mining and are very knowledgable and also most take no S##t on the forums. If you get a ramper or some BS they soon hammer the poster so great for actual facts.
30-40% seem to think the location of Albemarle's Kings Mountain Lithium Rock mine 17km down the road ALREADY with a Lithium processing plant are and have shown interest , thus the request for repatriation. 17km down the road and full processing plant, Albamerle being one of THE global lithium majors, why would they not be a partner or buy it out BEFORE dilution for finance and off take partners ?
Any news on off take partners or Tesla buying more will only push up the price ? Make's it more expensive to buy out ? It makes complete sense.
The other buyout rumour is Tesla with what I think they are calling the "Terragigawatt" lithium battery factory is already starting construction !!!
https://www.google.com/amp/s/www.forbes.com/sites/billroberson/2020/07/27/that-was-fast-teslas-new-austin-terafactory-prep-already-underway-as-stock-continue-to-soar/amp/
Basic 80,000 tons of Lithium Carbonate ONLY (cheaper than hydroxide so you can ramp up the true price but conservative estimate here) PER YEAR.
80,000ton p year @ $10000 per ton ave X 20 LOM (Life Of Mine) = $16,000,000,000 BILLION minus costs of $5,000 per ton ( again could be less & I used only $10,000 per ton value on lithium Carbonate which could also be higher) approx
$8
Approx $8BILLION PROFIT for LOM. Equal to approx $400 MILLION profit per year give or take. That is clear profit.
Even if they are 25% out on costs $300Million profit per year.
Currently approx 13 million shares @ approx $40.00 per share = $520,000,000.
What would dilution or buyout price be ?
20,000,000 for dilution @ $40.00 = $800,000,000.
33m shares at $8,000,000,000 for the 20 years life of mine less costs the share price should be around $187.00 per share based on profit and CAPEX / Expenses.
$187.00 per share Piedmont Lithium.
Hi RH
Thought I’d already asked this!
So you see 4x from here, give or take..$40-$180 ish
So of the two... SLL and PLL which are you piling into!?
BREAKING* Tesla has a Battery Cell Production job listed on its careers page in Raleigh North Carolina. roughly 3 hours away from Piedmont Lithium’s project, where it has been announced that they will be supplying Tesla with lithium for its batteries @vincent13031925 @EvaFoxU
Piedmont is my biggest choice pure potential for Tesla full buyout !
TESLA BUYOUT @PIEDMONT looks very much like a good bet although Albemarle lithium mine Kings Mountain is only 17km down the road factory plant and processing already. Why would Albamerle not want to buy out or combine with Piedmont Lithium mine ?
So with TESLA looking at a Gigafactory in North Carolina and Major Albamerle 17km away with processing already in place , what would you do ???
US$80.00 per share buy out with true value of Piedmont Lithium operation with CAPEX and further 20% spare cash factored in for expenses my US$180.00 After dilution makes PLL look like a cracking buy. ?.
Loaded up on ASX before Christmas and loaded up early Jan and as you know tipped PLL SLL as buys for 2021.
Looking pretty mega to my eyes @@