Okay so now that AKE has been brought up, let’s play with some numbers.
Looking at AKE’s last quarterly report and comparing it to PLS recent report, it seems that PLS is producing 5x as much as AKE and shipping out 5x as well.
Given that the market cap of both companies is relatively the same 7b vs 8b, the numbers just aren’t adding up. Either AKE is very overvalued or PLS is extremely undervalued, my bet is on the latter.
Playing with these numbers we can assume that PLS could 5x from here putting its value well beyond $10 a share in the coming years. Ofcourse market cap isn’t the only metric to use here but it is definitely a good reference point. This in addition to the future increase in demand for lithium and subsequent increase in price which we are already seeing today can only spell out one thing for shareholders of PL$. Take a guess!
Good News & Bad News, page-13069
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Last
$3.07 |
Change
0.090(3.02%) |
Mkt cap ! $9.197B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.09 | $3.02 | $74.82M | 24.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 10000 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |