By cross referencing the public information provided by PLS MIN KDR TAW and AJM in reference to resource amounts and conversion to LCE (including grades) I calculate as follows:
Wodgina Resource has an LCE equivalent of 7mt. At $3.17bn AUD that values the LCE equivalent resource at $453 per LCE tonne.
Pilgangoora has an equivalent LCR of the same 7mt (226mt at 1.27pc grade). Using this physical live market transaction as a reference point, Pilgangoora is worth $3.175 billion. This calculation IGNORES tantalum value.
PLS current market cap is $1.378 billion. This transaction values PLS at $1.95, ignoring tantalum credits and ignoring the fact this is a 40 year mins which we all know has a lot more Li0 sitting deeper underground than these numbers suggest.
Wodgina just sold 50% for $1.6bA, page-75
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Last
$2.92 |
Change
-0.060(2.01%) |
Mkt cap ! $8.789B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.01 | $2.91 | $68.57M | 23.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 33426 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 27520 | 3 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |