If you can't see the value in that project it may be because you don't hold any shares. Been here since 2016 and I can't think of a more strategic asset than PMT.
I would much rather PLS have control of the asset rather than any of our competitors or for that matter down stream chem produces and or oems which are our customers.
The resource is being compared to Greenbushes. Do you remember what happened when we took over our neighbour? That's right, Ken turned off supply and had control of the market. Even if PMT does not produce for a number of years we will have a monopoly. Imagine having the ability to supply the growing North American market.
In the last 6 years one of the biggest lessons I learnt is, that grade, size, and jurisdiction matters!
True Tier 1 assets are hard to come by.
Just my humble opinion.
Has PLS just become a larger Takeover Target ?, page-55
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Last
$2.91 |
Change
-0.090(3.00%) |
Mkt cap ! $8.763B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.06 | $2.90 | $43.68M | 14.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12200 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 3400 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |