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
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |