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PLL - Sayona Mining Looks Overvalued Following The Deal With Piedmont And Links With Tesla
Piedmont Lithium Limited
The company recently inked a supply deal with Piedmont, which could turn it into a Tesla lithium supplier.
Sayona is bidding for the assets of failed lithium miner North American Lithium, which has invested over $300 million in its business.
However, Sayona looks overvalued as Piedmont is paying just $7 million for a 19.9% stake. Also, there is no guarantee it will get the assets of North American Lithium.