If lithium concentrate prices dropped to $500US (currently $900US and rising), based on a very conservative future ebitda multiple of 10, and the 5mtpa operation, PLS is still worth $1.60 per share. The reason why PLS already has a $1b market cap is the obvious near term ebit potential. At $1100US, it makes a billion ebitda per annum. And that does not take into account downstream JV opportunities. The market has every right to be excited. Clearly Ken and the team are opening up some very nice relationships and advancing the model. I was wondering whether we may dual list in the US in the future, and/or HK? It is pretty obvious PLS will have global significance and interest
October Charts !, page-866
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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 |