GMM for their 50% share in production at Mt Cattlin are valued at 196m cap, that’s $2,268 per tonne.
Although PLS isn’t a producer yet, they may have a resource of 150mt @ 1.2%. Using GMM’s per tonne valuation and you have a market cap of over $4 Billion and that’s multibags over the current $750m valuation.
For anyone out there trying to find the next PLS, don’t bother you are wasting your time and risking missing out on further gains in PLS which are much more certain. I made that mistake but am in now and will ride this to production or until takeover.
Under the radar report 19/5/16, page-2
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Last
$2.68 |
Change
-0.070(2.55%) |
Mkt cap ! $8.279B | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.71 | $2.68 | $9.791M | 3.542M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 235975 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 172328 | 32 |
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| Last trade - 10.24am 04/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |