General Discussion Topics, page-101584

"Are you saying that in 2 to 3 years time we should be at 24 to 32c ? Is that the SP taking care of itself?"

I have no idea what the shareprice will do over the next 2-3 years all I'm pointing out is our nameplate production will be much the same over the next 2 years so revenue will be dictated by the price of our concentrate in $A allowing for the PLL OTA. How much value of our assets is incorporated into the shareprice is something we will find out. If we were 32c in a years time I'd be delighted.

As I pointed out PLS currently has a PE of 8 and that's based on its earnings and it has substantial assets and cash and pays dividends, I just applied that PE to what I think our EPS may be using current concentrate prices, future prices are not known.

Cheers Whisky