PLS 6.18% $2.84 pilbara minerals limited

Ann: First Load Commissoning for Crusher Commences, page-63

  1. 10,388 Posts.
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    I have made a few calculations here and get reasonable figures, but nowhere near those being bandied about. Probably I have misunderstood something - would be most happy to be corrected
    Assumption I have used:
    ore processed pa 5 million tonnes
    recovery rate 6.5%
    expenses $280 per tonne
    price received $1000 per tonne (perhaps a bit high, but maybe not)
    profit 5 million x 6.5% x (1000-280) = $234 million
    After tax of 30% $164 million
    Number of shares 1.75 billion
    Income per share 9.36 cents
    P/E ratio of 10 Share price = 93.6 cents
    P/E of 15 Share price = 140.4 cents

    On a 2 million tonne production the Share Prices are 37.4 cents and 56.2 cents
    I suspect something is very wrong and would be happy to have someone point it out.
 
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