$ABML has $1.2 Trillion lithium 🤯Tonopah Flats property in Nevada one of largest lithium deposits in US, company says
mining.comSubmitted by Dark_Lord_Den t3_11huwl3 in wallstreetbets
Hello there,
I’m gonna try keep this short and sweet for all you highly regarded folk. There’s a lithium mining/battery recycling stock going by the ticker $ABML, which just recently hit the $500 million market cap ($547 million to be precise) meaning the stock can now be spoken about on WSB.
I may be a little special and I’m quite baked rn but I’m going to try lay out for why I think this stock is a potential 10X stock and why you don’t want to miss this opportunity.
Firstly, the stock is currently up 78% over the last 3 months, largely as a result of its mining flats in Tonopah being assessed by a third party to contain upwards of 15 million tonnes of Lithium. That’s the largest supply of Lithium in the entirety of the USA! A country, which until now has been struggling to source and have any real security of its own affordable battery metals. I believe the Biden administration has been looking into ways to sure up America’s battery metal supply chains, as importing it is costly and relying on other countries isn’t for Uncle Sam. $ABML may have just stumbled upon the answer and if they have the stock is about to go parabolic.
You know that shit Daddy Musk and every other car company puts in his car batteries? The shit that currently costs more than gold at $70k per tonne… This company has basically found itself with lithium deposits that are the same weight as 128k fat Jonah Hills. That’s pretty fucking fat. So back of the napkin math 15 million tonnes X $70k = $1.25 trillion. That’s right $1,250,000,000!
And the best part? $ABML controls 100% of the mining lode claims in the Tonopah flats and the subsurface minerals without any royalties. The company also plans to expand the area to the north and south of the property and explore to greater depths. 90% of the 15 million tonnes is easily recoverable. And if that’s not perfect enough, their factory is only 25 miles away from the Tesla gigafactory!
Secondly, this is a company I’ve been following for years, and it’s fair to say management hasn’t always been the best. The company is currently down 75% from it’s ATH of $4 per share, attributable to the slow progress they have made up till now. However, this company is now run by their fairly newly appointed CEO Ryan Melsert, an ex-Tesla employee who realised the importance (and financial benefits) of securing America’s battery metals supply chain. The guy is an absolute genius, the company has won countless awards and government grants for its unique, patented and environmentally-friendly way of recycling battery metals.
The whole point of switching to electric cars is to reduce carbon emissions and damage to the environment. This company allows for what may be the most environmentally-friendly and scalable battery recycling process in the world. $ABML have a factory 25 miles from Tesla’s gigafactory and have signed agreements to recycle Ford, Chevrolet and GM’s battery feedstock.
The company is currently pre-revenue, however I do believe that will change this year with the opening of their pilot plant. Despite the negative economic outlook we are in at the moment I can really see this stock outperforming the broader market. They’re flush with cash despite burning through it due to building their new factory. The amount of Lithium within the Tonopah flats alone is worth more than Amazon.
Who’s to say Musk doesn’t buy the company outright? I really don’t see that as an impossibility given the company’s purpose, it’s location and the CEO’s ties to Tesla. If that happens I’d probably need to repaint my ceiling cuz my erection would be doing all sorts of damage to it. Anyway thanks for reading, I’m gonna post a few sources and go play with myself in my mom’s basement.
https://finance.yahoo.com/news/american-battery-technology-company-releases-130000479.html
Full disclosure; I have 4995 shares and I’m looking to increase my position anywhere under $1 a share.
TLDR - $ABML have $1.25 trillion of untapped Lithium deposits with the opportunity to expand further. They have the most environmentally friendly way to extract/recycle battery metals. Their CEO worked for Tesla and their factory is next to Tesla’s gigafactory.