When KB says "The supply response is insufficient, so we expect pricing to continue to increase" that only means 1 thing... SP number go up.
I dont mind the $20B market cap view from @sunnyaus - it seems quite reasonable when the chemical converters could easily stomach a $5,000/dmt+ of 5.5% - 6.0% spod in offtakes and BMX auctions to come. Let alone the fact that PLS will be becoming the chemical converters with POSCO and CALIX - so all that margin goes into the pockets of investors one way or another.
Plus, PLS has ~160M dmt to go around... with a theoretical ~40yr mine life, that's a future with the potential of ~4M dmt per year...
We're not even at 0.5M dmt per year and look at the SP (noting 1M dmt / year might be partially priced in).
Exciting times ahead indeed!
And as we know, share price follows the macro pricing environment - and we know where the pricing environment is heading don't we
Cheers - Woly
Ann: December 2021 Quarterly Activities Report, page-75
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Last
$2.80 |
Change
-0.030(1.06%) |
Mkt cap ! $8.429B | |||
| Open | High | Low | Value | Volume |
| $2.81 | $2.89 | $2.79 | $52.63M | 18.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 263602 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.82 | 8000 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |