Listening to PLS conference call now and Ken is super bullish on lithium. Demand is extremely tight and price continue to trend up strongly. Due to tight demand customers will pay asking price to get products.
From PLS report the spot price is US$3750-US$4500/dmt
PLS average selling price is $1700/dmt.
PLS revenue for 2022 is around $600 mil with MC around $8.3 Bil.
Trading around 13.8 times rev.
CXO will be producing 180kt in 2023. Using lithium price of $1700/t = $306 mil in revenue.
At 13.8 times rev valuation = $4.2 bil. Currently MC is $1.3 Bil at SP 81 cents
Only a simple and rough calculation but there are plenty of upside and rerate once CXP achieve stable production as per DFS in 2023
Hard to see why selling now.
Banter and general comments, page-8328
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Last
11.0¢ |
Change
-0.010(8.33%) |
Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $1.472M | 12.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 85 | 3844280 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 885371 | 12 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |