it's not US$444
you have to include Royalties which is $564
then you have add in All In Sustaining Costs (AISC) I discovered the other day and that adds another 30%
So all up total costs are most likely US$733
spod price - aisc = profits
ie $1,000 - $733 = $267
1000 kmt x $267 = US$267m
EPS = US$267m / no of shareholders ie 3 bn = 9 cents
convert it to A$
eps = 14c
PE = $2.97/.14 = 21
todays price = PE x EPS = 21x.14 = $2.94
to get a valuation based on growth don't look at price. Price will stay the same for years due to oversupply. Use production
Growth from 660 kmt to 2000kmt over 5 years = 25%
use PEG = 1 to work out if whether PLS is under valued or over valued
ie 21/25 = .84
.84 < 1 so undervalued
then use PEG = 1 to get fair value
make PE = Growth = 25
PEx eps = fair value
25 x 0.14 = $3.50
but we are not likely to get fair value now because the share price is controlled by sentiment
Spodumene Prices, page-4448
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Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |