Feb. 2 at 9:21 PM
$ATLX has strategic partners and customers with deep pockets. This includes Mitsui, Chengxin, and Yahua.
The DFS for the Neves Project shows a payback of 11 months. Plus, with multiple properties (ie: Salinas), there are opportunities to expand the resource.
ATLX owns ~20% of its subsidiary
$ATCX. This diversifies the portfolio with exposure to TREOs, iron, uranium, graphite, etc. Also, with ATCX's recent uplist to Nasdaq, ATLX is set to receive up to
$8 million and will be eligible for future royalties (per option agreement). Once exercised, ATLX will have a 'Hybrid Royalty' model-- similar to
$CTGO.
The macro trend for lithium hasn't changed. Approximately 50 to 74 new lithium mines are required by 2030-2035. Per the DFS, Atlas will be a low-cost producer (est. OpEx of
$489/ton).
Analysts rate ATLX as a 'Buy' with price targets between
$12 and
$20/share.
By God's grace, I've already made money here; and continue to add to core position. Long-term bullish.
"Charity. Patience. Humility."
