Professional
Added to YB: 2024-08-08
Pitch date: 2024-07-23
LAC [bullish]
Lithium Americas Corp.
+82.21%
current return
Author Info
Massif Capital invests in Basic Materials, Energy, and Industrial businesses, creating a unique portfolio that produces uncorrelated long-term capital appreciation. Follow on Twitter/X.
Company Info
Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada.
Market Cap
CAD 630.1M
Pitch Price
CAD 2.81
Price Target
15.00 (+193%)
Dividend
N/A
EV/EBITDA
-13.52
P/E
-13.63
EV/Sales
N/A
Sector
Metals and Mining
Category
value
Massif Capital Portfolio Holding: Lithium Americas Corp.
LAC: Lithium play down 48%, but Cauchari asset (44% owned) worth $6/share at $12k/ton Li, $15/share at $18k/ton. EV adoption continues despite US skepticism. Ford CEO warns of Chinese dominance. LAC at 66% of book value for new 40-year mine. Risks: continued Li price decline, slower EV adoption.
Read full article (3 min)