Re: Hmm...
in response to
by
posted on
Jul 06, 2022 01:45PM
I like this crystal ball better - taken from about halfway through this seeking alpha article today: https://seekingalpha.com/article/4521959-new-california-tax-good-news-for-nevada-and-lithium-americas-stock ;)
"My valuation of Lithium Americas' combined segments (the company may spin off Thacker Pass as a US-only lithium company) still stands at around $76 billion. This is based on an average industry price-to-earnings ratio of 23.5 for production-level companies and a conservative LCE price of $30,000 per tonne. This works out to around $565 per share, a more than 2800% upside from today's share price of $19.10. This may seem like a meteoric price target, especially in this market, but we are looking at a company superbly positioned to capitalize on a historic commodity supercycle."
But in all seriousness Cal, I do agree that if the market really does continue to slide, we could very well get to $17 USD, however, there are a number of very large catalysts that should be coming out way quite soon that should give us a solid 10+% boost.
I would never even think of selling in this environment, but as you said Cal, if we drop to those absurd levels it could be time to accumulate more shares. The broad market needs a solid multi-day rally to improve people's confidence, until that happens, it's going to be tough.