"ORE produced 11,862 tons of lithium carbonate"
"PLS plan to produce 44,000 tonnes per annum of Lithium Carbonate at 2 mta"
PLS has roughly 8 times as many shares as ORE so dividing the ORE share price by 8 we bring their SP today at close down to 3.86/8 = 0.48 (still well up on PLS at 35.5 cents) if they had as many shares as PLS. However PLS intends (at 2 mta) to produce 3.7 times as much lithium carbonate. All else being equal, the PLS share price would/should be 3.7 times 48 cents = $1.77 - but that does not allow for PLS being up to a year pre production (reduces our price during the wait) OR us moving to 5 mta production (a big plus after it happens). All this just illustrates that it will be very much worth the wait for production.
PLS - August charts, page-226
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$2.86 |
Change
-0.200(6.54%) |
Mkt cap ! $8.608B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.96 | $2.85 | $61.44M | 21.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 163532 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 44591 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |