Hmm it was a good announcement imo but that 340 Mil figure is for the entire project I.e psc only owns ~63%. Pls owns 100%.
It is also a pre tax figure I.e pls' npv announcements use post tax figures.
340*.63 = 214.2
Minus tax @30% = 150Mil USD
Or ~200mil aussie.
Personally I would suggest upside to around 10-12 cents, possibly lower for a complete buyout from Sinomines. Even more upside if lithium prices go higher.
No way it is the PLS of Africa lol, way too small scale. If psc considered building a 2Mtpa concentrator, then I would be interested.
PSC Price at posting:
4.7¢ Sentiment: Buy Disclosure: Not Held
