Piedmont Lithium Inc PLL

Four hundred % mark up ?

[MaterialsMan]

Tried to fgure out what kind of profit Piedmont can make when they start producing Lithium Carbonate
(LCE) from the concentrate to be purchased from SYA. There is some guesswork invoved, but, based on looking into what it costs vs. what it sells for,  I think  we could be looking at a 400% or more increase over what they will be paying SYA for tthe Lithium Concentrate plus production costs. I believe that it will be costing Piedmont about 3 to 5 grand to puchase (based on a contract agreed to before LC went to the moon) the required 5 or 6 tons of LC necessary to produce one ton of LCE based on the current price of about 60 thousand. The gueeswork comes when estimating what it will cost to produce a ton of refined product. I plugged in ten thousand per ton which I suspect may be over. If there is economy of scale involved, then the profit margins could be higher. If my production estimate is off, so be it, but they will still be taking in about a 1,000 % over what will be paying for the concentrate. This may end up looking pretty good for Piedmont investors.

[MaterialsMan]

Looks as if that giveaway by NAL is providing huge benefits to PLL. In spite of the fact that the price of Lithium fell out of bed, PLL made a 50% profit on the Lithium they practically stole from Sayona. It's no wonder Brett Lynch ran away with his tail between his legs. He saw the handwriting on the wall. I think it's rather surprising that PLL didn't spike on the earnings report