Check out our latest research report on
@NOAlithium entitled โMarket Fails to Understand NOAโs Optionalityโ
Our thesis:
โขRobust PEA: 20Ktpa lithium carbonate project with potential to expand to 40Ktpa over 30 years life for capex of US$706m and mine gate cash costs of US$5641/t.
โขUnrecognized Optionality: Multiple paths to value: technical-grade carbonate, chloride, or hybrid DLE.
โขStrategic Scarcity: Argentinian brines are at the bottom of the cost curve and are highly sought after by industry players.
โขValuation Gap: NOA trades at c.$10/t LCE. Recent M&A in the sector was at multiples closer to $50โ100/t.
Bottom Line:
$NOAL.v is a relatively new entrant in the market which boasts a strong management team, good investor support and a good asset base with plenty of optionality to benefit from higher lithium prices.
Read the full research report here:
link.rkequity.com/noal-reporโฆ