the cost to produce will settle around $800/tonne by June 2024. With no debt and $230 million in cash,SYA is in the box seat as far as the JV is concerned.
PLL is not that far away from being brought to its knees.
They are only making $1,000 per tonne from the NAL product. That is not enough to fund the Atlantic project and raising finance for North Carolina is going to put them in a corner.
By Dec 24 they will have to go to the markets to raise capital in a very unfriendly finance market. Their dreams are big but their pockets are small.
When the NAL carbonate plant starts operating, it's all over for PLL.
SYA Price at posting:
8.5¢ Sentiment: None Disclosure: Held
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