I have just been reading the AGY thread and the one comment says that at their 2000ktpa production of corbonate they will have a PE of 7 once in full production.
Now the beer (or is it bear?) coaster calcs (as SF puts it) for PLS is that we are trading on a forward PE of around 4. And that ignores the cash we have at 31 December 2022.
rough calcs
production 560
Price US$6000
Cost A$1200
Conversion Us to AUD 0.7
Tax 30%
Ignore development cost and bmx auctions for now (assume more or less offsets) as not material to argumant
So Earnings 560*(6000/0.7-1200)*0.7=$2.9bn which is roughly A$1 EPS.
Why is a near term producer AGY trading at such a high premium compared to PLS?
Good News & Bad News, page-20609
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$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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