Lithium Americas: Let The Digging Begin
- Lithium Americas Corp. begins construction at the Thacker Pass mine after years of lawsuits.
- The mine has an NPV valued above the current market cap of the stock using lithium prices far below current market prices.
- The Lithium Americas Corp. stock dip due to Chinese EV demand fears is a gift to long-term investors.
In no huge surprise, Lithium Americas Corp. (NYSE:LAC) appears to have pushed through all of their legal issues preventing the mining of lithium in Nevada. Lithium is a hot commodity due the use in batteries made for electric vehicles ("EVs"), and the courts never appeared supportive of the plaintiffs' claims attempting to block the mining in the U.S. My investment thesis remains ultra-Bullish on the lithium stock due to surging demand and a general lack of supply despite some general market weakness recently.
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