One of the books on our recent reading list was a fantastic biography on Winston Churchill. A quote of his we use often is, “You will never reach your destination if you stop and throw stones at every dog that barks.” Recently, dogs, so to speak, have been barking.
In September, 2020, we initially presented our thesis on Lithium Americas (NYSE: LAC), which was on sale thanks to Battery Day. Much has changed with the story, punctuated by the Bureau of Land Management (BLM) approval of LAC’s Thacker Pass project in Nevada
Sometimes, it is better to be a little boring. Most of the attention in the electric vehicle space is focused on glitterati: the OEMs that make roadsters that go 0-60 in the blink of an eye, the larger-than-life CEOs that tweet incessantly, you get the idea.
Tesla’s ballyhooed Battery Day provided ominous headlines for lithium producers (and hit their stock prices). However, if you bothered to listen, it was incredibly bullish for miners as a whole, specifically for one that we think is ideally positioned to benefit from the growing demand for this critical metal. Please read the following for our take on Battery Day as well as our white paper on Lithium Americas (LAC).