Hi
Following the RK Equity video on Piedmont, i've been following it, and bought into it today.
The sum of parts valuation for Piedmont makes it a great value buy, especially after Sayona's 28% rise today.
I am getting a residual value for the North Carolina Hub and Lithium Hydroxide Plant 2 of about $116 million. Both these projects have a NPV of around $5 billion, so essentially the market is valuing these two projects at only 2.3% of their NPV's, so close to nothing.
With the US using the Defense Production Act to secure critical mineral supply, this should support the North Carolina Hub and Lithium Hydroxide Hub to be up and running.
If there are any issues with my calcs below, let me know.
Sum of parts valuation for Piedmont
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 (20min delay)
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $64.64M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $92.62K | 587.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 128406 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 237907 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLL (ASX) Chart |