If you think it's ridiculous that we could be selling spodumene for 600 usd next year then you are way too bullish or something else.
Or is it that the market has got It all wrong in it's present valuation and you are sitting on a stock with 1.5 p/ebitda.
I'm a holde but this type if mindset smells exactly like those holders of lyc when rare earths were sky high.
Prices at 900 encourages supply which pushes down the price. We can already see that in confirmed supply for next year.
PLS mining profits?, page-11
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |