Sooo much bad analysis in this post but hey don't let that get in the way of a good story.
Firstly how are PLS going to produce 110kt of spod in a quarter (without including Altura plant).
2Mtpa processing 1.2% head grade at 80% recoveries gives 80kt/quarter and thats still requiring a lot to go right. AJM will obviously add to this capacity but its lower grade etc.
Next how are you getting to 400kt/qtr. That's fantasy land at this point. And they definitely are not producing at an AISC of $200/t so your profit number is also a pipe dream.
Then you're using EBITDA to calculate a P/E. That's not how it works. P/E is based on NPAT which will be much lower than the EBITDA number you had already made up.
Finally a P/E of 30? If PLS get anywhere near your 400kt/qtr production milestone they will have spent a heap more on capex and LOM probably wouldn't even be 30 years. Who uses a P/E greater than LOM? Makes less than no sense.
Nice work on that piece of fiction and the likes it gained.
PLS Price at posting:
$1.18 Sentiment: None Disclosure: Not Held
(20min delay)