Sorry to disagree, but (IMO), the Lithium price wont have as much effect as the resource sizes and proximity to Ports.
Both Companies have the means to supply out of Pt Hedland at costs much cheaper than a lot of others.
Again (IMO), during establishment of both mines from exploration seen a ratio of 3:1, and I can foresee this ratio closing on 50% now both are producing with additional offtake partners. It would be great to see PLS at $2.10 by Easter... BUT, at this stage only for dreamers.
It might pay to check contract rates, which are locked during this discussion period at $950/t max. so both Companies can look forward to similar profit rates as current. PLS will use this income to advance toward the next stage of production whilst reducing their debt.
Debt is the problem for our neighbour, but well under control at present.
PLS is well advancing under KB and the BOD and will continue to lead the way, and BTW, remember one thing............... "Love Thy Neighbour"
See ya around Easter time for results
Day to day discussions on S/P, page-4692
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Last
$2.85 |
Change
-0.150(5.00%) |
Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.98 | $2.83 | $92.31M | 32.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 46000 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 89829 | 11 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |