Seeking Alpha - a negative view, page-16

An alternative view to that of seeking alpha's

https://investorplace.com/2021/02/7-lithium-stocks-that-are-keeping-the-ev-revolution-running/

Piedmont Lithium Limited (PLL)

Source: GrAl/ShutterStock.com

Australian lithium miner Piedmont Lithium has seen its shares skyrocket in the past year, growing by more than 530%. The company first shot to fame when it announced an agreement with Tesla to supply about 33% of its proposed 160,000 tonne output from its mine in North Carolina.

But that’s not the only thing that makes this company promising. In addition to the Tesla agreement, Piedmont Lithium has also signed a deal with Sayona Mining (OTCMKTS:DMNXF) to expand its productive capacity and outreach. So, despite PLL stock being a bit over-priced, it has tremendous potential to become a juggernaut in the lithium business over the coming years.

Currently in the exploratory stage, Piedmont is targeting an output of 22,700 tonnes of “battery-quality lithium hydroxide.” With the lithium hydroxide price around $9,000 per tonne, we could be looking at roughly $2 billion from a year’s operations. If everything goes to plan, the company could fulfill its vision by 2022 and become a major player among the lithium stocks