Piedmont #Lithium
current operations pictured below: It tells a tale of how nascent the #lithium industry is, amidst the hype of Tesla's battery day, until now. And most importantly, doing your own independent research.
....there are those who continue to hold them to dear life
....they won't want to take a hit, because there is a "future for EV and Lithium"
....yes, there will be a future for EVs and Lithium, but there may not be a future for high lithium stock valuations. Understand that they are not the same. Ramsay Health and A2M are still making good profits, they aren't dead but 8 years and 4 years on respectively, they have not been able to reclaim their peak valuations.
e.g if PLS long term NPAT run rally settles at $200mil, @ a revised PE multiple reduced to 15x, that gives a valuation of just $3Bil or $1/share! And if NPAT @ $400mil @15x, that is $6B or $2/share!
....lithium stocks could still receive a further -30pc haircut before bottoming and staying sideways for several years.
