PLS chart, page-18180

ASB thanks for the calculations

The numbers i have in mind are as follows

Production for 2023-2024 --> 700K Tonnes

Average Price --> USD$2,700 per tonne
Unit Cost --> USD 650/Tonne

Profit --> USD$2,050/Tonne

Equates to USD$1,435,000,000

Or AUD --(multiplied by roughly 1.5) --> $2,152,500,000

Tax is part of the Equation, and when dividends are declared the franking credits are used up, so paying tax impacts Free Cash Flow, but the tax component is not going anywhere, its going to used up in the franking credit component

If I apply PE multiples - We are trading at roughly multiples of 6 - for mining companies its about right

	PE	Profit	Market Cap
1	4	2152500000	$8,610,000,000.00
2	5	2152500000	$10,762,500,000.00
3	6	2152500000	$12,915,000,000.00
4	7	2152500000	$15,067,500,000.00
5	8	2152500000	$17,220,000,000.00

If I do the same calculation for when PLS is at P1,000, @ $2500 Spod

	2500	1000000	2500000000	Gross Income
1	650	1000000	650000000	Cost
2
3	1850		$1,850,000,000.00	Gross Profit
4
5			1.5	USD to AUD
6		PE	Profit	Market Cap
7		4	2775000000	$11,100,000,000.00
8		5	2775000000	$13,875,000,000.00
9		6	2775000000	$16,650,000,000.00
10		7	2775000000	$19,425,000,000.00
11		8	2775000000	$22,200,000,000.00

Don't know if I am on the right path, but at this price PLS is looking cheap to me