Hopefully the labor shortage problem is resolved soon and that's possible considering WA have opened up their borders now.
If PLS can then achieve production volumes for 2022/23 of 560,000 dmt, China continues to take what we produce and say the average Spodumene price is US$3500 ($500 below Macquarie's target price) our financials will look very good even with higher shipping costs factored in.
2022/23 possible outcome
Sales 560,000 dmt
Spodumene price US$3500
EBITDAX $2.2B
NPAT $1.5B
CAPEX say $120M
Net Surplus cash $1.43B
PE Ratio 5.1
This is why Macquarie have a $4.00 target price on the stock plus the plan is still to eventually achieve at least 1,000,000 dmt pa
PLS has to be the most undervalued stock in the ASX200 right now.
Good News & Bad News, page-8961
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Last
$3.29 |
Change
0.020(0.61%) |
Mkt cap ! $9.907B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.31 | $3.20 | $53.42M | 16.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10017 | $3.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.30 | 142518 | 13 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |