At the sake of sounding like a broken record (again), the AUD/USD is now 72.1c. This is FAR below the forex FX rate used in the Stage 2 DFS announcement of 75c (page 15):
The DFS also assumes a spodumene sale price of US$633/t, which is well below PLS's own estimates of between US$900/t-US$960/t (page 5):
And on page 18, PLS suggest a conservative NPV of $2.16B, when realistically with a higher spodumene price and lower AUD/USD forex we should be over $4.0B as per the below table:
I just don't see us below $3 per share when this gets going. Even with Stage 1 ramp-up to nameplate using the above realistic costs we should be pushing $1.60 now!
Aussie Dollar Dropping, page-62
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Last
$3.22 |
Change
-0.040(1.23%) |
Mkt cap ! $9.691B | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.25 | $3.19 | $57.57M | 17.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 120600 | $3.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.23 | 135477 | 7 |
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| PLS (ASX) Chart |