heading to over $1bil market cap.
-simple notes below and reasoning
20mT @ marble bar- currently 15mT there already
25-30mT @ manna. Looks like 20mT there already.
Total 50mT in pilbara. PLS has around 220mT odd ,and a market cap of over 10 billion dollars
50mt/223mT x $10bn = $2bil. i then discount it by half to account for being a non producer(fair), so its $1bil with still upside on that. Production will be circa 500,000 tonnes of spodumene at full production, most companies with that kind of production are over $1bil valuation.
Current market cap is $200m dollars. so another 5 times to go. most stocks in this market will be lucky to do 10-15% return.
GL1 Charts, page-43
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Last
27.5¢ |
Change
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Mkt cap ! $71.57M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 25.5¢ | $149.7K | 562.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 77796 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 80194 | 2 |
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