CXO - Chart Thread, page-2985

I posted some numbers in this post a while back: https://hotcopper.com.au/posts/60585828/single - I usually only mess around with charts for sport.

I've been told by an ex GS Fund Manager (quit to get paid even more elsewhere!) that across the board, producing miners are typically 4-6 x EBITDA, and high growth stocks, in the region of 10-12 x.

PLS is doing something like 18 x I think I read somewhere recently. That's crazy if you ask me!

Even selling our spod at a 30% discount to current spot price our profits will be over $1bn p.a..

4-6 x that puts us between $4bn and $6bn Market Cap. I think that's absolutely in the right ballpark.

Throw in the green light to get the hydroxide plant going too, and you can probably double that figure.

The latest sell-off is shorters having fun and profit takers cashing out, after a massive run which let's face it, overshot by a mile.

The position we are in now feels like we're taking a breather after too much exertion, and we'll be ready to go again once we've caught out breath. I expect volumes to drop off further and perhaps a little more pain before the next run up.

PLS took a similar hit at these price levels as the shorter sighted investors / those with a shorter timeframe cashed out. Seemed to have worked out ok for them now sitting pretty around the $3 mark: