Q&A: Ganfeng - LAC, Luke, Tesla & Coronavirus
In this episode we discuss the recent announcement by Lithium Americas regarding a transaction with their partner Ganfeng Lithium. The agreement will result in benefits to both parties. Guests Mac Whale of Cormark and LAC CEO Jon Evans will give their perspective on the deal. Note: Mac misspeaks on the project valuation implied by the 1% of the project Ganfeng is purchasing. (1% at $16 million = a valuation of $1.6 billion). I also discuss the recent run-up in Tesla stock and caution lithium investors not to get too excited about the likely short term impact Tesla's performance has had on certain lithium stocks. I wish Luke Kissam, CEO of Albemarle, "Godspeed" in dealing with his recently disclosed health issue. I also briefly discuss the coronavirus and potential impacts it may have on 2020 in the lithium world.