STTCOMP PLL, FA Long
OTC-NASDAQ
LLLY
MC: 95M $ .021
SOI: 454M c
Cash: 3.38M (sept Q)
Taking up the issue of Lithium processing/refinement as mentioned above in
@ajm65 post above, there wouldn't be a small cap with better proximity than PLL, as it sits within a stone's throw (literally with a good arm) of the two laargest Li production facilities in the US, owned by NYSE:FMC ($13B) and NYSE:ALB ($14.5B). This is due to the area being the most prolific Li producer in the western world up until 1990. See photo below with processing plants on right.
View attachment 905012
With the new focus on Lithium, PLL is bringing back to life this historic ground drilling presently to create a maiden mineral resource that has so far shown to be 10 to 15 million tonnes, at a grade of between 1.00% and 1.25% Li2O, which does seem quite conservative when some kitchen table figures are showing potentially greater amounts. Regardless, we know that the resource is open in strike and dip, and that they are likely to add further new grounds to their holding. PLL have stated that it is economical. Here is a list from their preso showing some of the economy argument:
✓The only independent spodumene project strategically located in the US ✓ Proximity to major downstream lithium processing facilities
✓ Proximity to major US battery customers (GM, BMW, Nissan, Mercedes, Tesla, etc)
✓ Closely located to established low cost gas and power infrastructure
✓ Strong, large and low cost local workforce with experience in lithium sector
✓ Proximity to major transportation infrastructure including highways, rail, airports and ports
✓ Located in North Carolina, a mining and development friendly state
Last word from the CEO: “Given the numerous advantages inherent in our location in North Carolina, including outstanding infrastructure, a strong local work force, and proximity to important lithium processing facilities and other downstream customers, this initial Exploration Target is more than sufficient to support the potential re-establishment of a strategic high value battery materials operation.”
This Li stock has been under the radar and price beaten down in Novemeber, but is coming back to life as the drill program advances. I'm banking on this dual listed resource developing further, and the processing facilities, with the US's new focus on local production making this stock profitable.
Disclaimer: held - pilot buy.
Most recent resource upgrade
