1) have $100 million USD at hand 2) earn a margin by buying $800 usd spod from NAL with a projected 113,000 tonnes in 2024 and selling it to spot/LG/Tesla 3) Syrah resources obtained a $150 million usd loan from a USA international export agency for its Africa project. Piedmont could do the same for their capex share of Eyoyya. 4) Piedmont will earn a 42% project interest in the Eyoyya project effectively giving them a discount or extra cash earn on any tonne they sell through their offtake. 5) IRA act along with other USA government incentives makes Tennessee hydroxide plant highly desirable when the time is right : ex China processing
Piedmont will be seeing this through to construction
A11 Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
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