PLS

3.17%

$3.05 pilbara minerals limited

Good News & Bad News, page-340

First 340 Last

Share
Profile

Follow
maya.m

3,436 Posts.

498

10/04/21

17:51

Post #: 52378883
Share

Originally posted by Thesi ↑

On the comparison of the 3 companies ORE PLS GXY

Orocobre have had some terrible pricing and the operation is producing roughly 13,000tpa of various grades of lithium chemicals. Generally on the lower quality which is the reason for the lower average price received. To their benefit in the 2 half of this year their 10,000tpa hydroxide plant which they will own 70% (I think) will commence ramp up. By refinishing their product they will receive higher margins. Plus they have been working on expanding production at Olaroz.

Galaxy wise, they are measurable against Pilbara for the reason of being a producer of spodumene. Using AU$650 as the pricing and comparing 330,000 (PLS) with 200,000 (GXY) it seems that PLS has a market cap at a 16x vs GXY at around 12x
They have an impending announcement regarding Sal De Vida and commencing construction June/July. Target is ~12,000tpa

Pilbara, as I mentioned appear to be trading at a 16x multiple though that is based on plant 1. The developments that I think will boost Pilbara is Plantura coming back online and increasing production to 550,000... And whilst we know pricing would be expected to be higher than AU$650 (more like AU$850) that multiple would drop to 9.5x.
So news on Plantura will assist.
Also, lithium chemicals production. The POSCO discussions have been going for quite sometime, and in that little video the other day PLS mentioned about looking at an alternative plan outside of POSCO for that to occur. Perhaps they will go ahead with both... More news on those plans will grab some more attention. Piedmont have been grabbing attention with their plan to convert. Producing lithium chemicals is a key differentiator.
A profitable quarter will also help, which appears to have occured.

That's roughly how I am looking at those 3 players.

Expand

"So news on Plantura will assist."

Plantura, really ? Somehow I don't think that will help.

Altura Mining on the other hand might.

PLS Price at posting: $1.16 Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BUX

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 46,556 more messages in this thread...

First 340 Last

Add PLS (ASX) to my watchlist

(20min delay)
Last $3.05		Change -0.100(3.17%)		Mkt cap ! $9.185B

Open	High	Low	Value	Volume
$3.13	$3.15	$3.02	$74.55M	24.33M

Buyers (Bids)

No.	Vol.	Price($)
4	89482	$3.04

Sellers (Offers)

Price($)	Vol.	No.
$3.05	37502	3

View Market Depth

No.	Vol.	Price($)
6	31294	3.030
12	119629	3.020
6	50011	3.010
54	211167	3.000
11	153088	2.990

Price($)	Vol.	No.
3.050	11000	1
3.060	10330	1
3.070	36169	4
3.080	41571	4
3.090	30000	2

Last trade - 16.10pm 04/10/2024 (20 minute delay)

PLS (ASX) Chart

Good News & Bad News, page-340

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Good News & Bad News, page-340

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News