WSA keeps stating in their presentations that they have been in talks with EV supply chain.
If they could somehow arrange even a tiny contract with Tesla share price would rocket. If you look at PLL they signed a small contract, probably on not the strongest possible terms and their share price rose over 6x in the last month. US investors just piled on without a thought due to the connection. The valuation differences compared to other Aussie lithium miners just because of the Tesla connection is massive.
I can imagine a 6x share price increase with WSA if they could cut a deal. However, Tesla will probably cut the deal with BHP and then WSA will supply BHP. However, new large long term capacity coming online may give it a chance to go it alone.
One way or the other the future is looking bright because the market is not currently pricing in upcoming EV demand. This is an accumulation story right now.
WSA Price at posting:
$2.26 Sentiment: Buy Disclosure: Held
