I put our 2024 P/E ratio at between 2 and 3 based on current market cap and Spod pricing at around US$4,000/MT.
This assumes no restrictive ceiling prices in contracts which I believe / hope were negotiated out a while ago?
So I think there is room for the share price to double over the next year or two, just based on 175 - 200 ktpa production.
If they then double production................well we could easily see an SP starting with a $3 in due course provided Spod stays above say US$3,000/MT which seems likely to me.
I'm happy to wait for dividends in 2025 or so which should be quite lucrative.
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Last
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $194.4M |
Open | High | Low | Value | Volume |
9.3¢ | 9.4¢ | 9.1¢ | $1.765M | 19.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 618024 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 285600 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 618024 | 0.091 |
85 | 2972132 | 0.090 |
15 | 891193 | 0.089 |
19 | 1135301 | 0.088 |
12 | 681944 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 285600 | 4 |
0.093 | 869150 | 8 |
0.094 | 1067781 | 5 |
0.095 | 750188 | 6 |
0.096 | 215000 | 3 |
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