Hi Pokerface,
Good post, I agree.
IMO the 2mtpa operation, and the cash flow generation that comes with it, can quite conservatively sustain a share price of $1. I see minimal risk to this valuation now.
Then we need to add on a cents per share valuation for the probable expansion to 5mtpa.
Of course, then what value to add considering the extremely positive sentiment for the lithium industry currently?
The next 3-4 months could certainly see that $1.20+ figure.
My initial price target for PLS was around the current share price, but that was based on the assumption of a 2mtpa operation. As the 5mtpa operation becomes more likely, the price target changes.
Cheers!
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$2.98 |
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Mkt cap ! $8.969B |
Open | High | Low | Value | Volume |
$3.01 | $3.01 | $2.95 | $52.16M | 17.48M |
Buyers (Bids)
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---|---|---|
1 | 167 | $2.98 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.99 | 53875 | 10 |
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No. | Vol. | Price($) |
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1 | 167 | 2.980 |
19 | 199813 | 2.970 |
20 | 429776 | 2.960 |
39 | 186044 | 2.950 |
28 | 113133 | 2.940 |
Price($) | Vol. | No. |
---|---|---|
2.990 | 53875 | 10 |
3.000 | 190875 | 10 |
3.010 | 237077 | 15 |
3.020 | 54908 | 14 |
3.030 | 33639 | 6 |
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