PLS are currently on track for FY2023profit before tax of an estimated $2 Billion. That is why their market cap is $9B.
Have you checked the Port Headland shipping news that @nightflyer provides. June quarter is looking to be well in excess of 100kt even though they are commissioning upgrades. With an expected price of approx’ $4500 US pt, that is some extreme cash flow right there.
Now when LTR finally get a plant built without too extreme cost blowouts and the plant is commissioned to nameplate with recovery where it should be, the company hopefully will enjoy a similar market cap. Of course we will need spod prices to hold at prices well above the historical norm.
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Last
$1.01 |
Change
-0.030(2.88%) |
Mkt cap ! $2.466B | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.04 | $1.01 | $4.483M | 4.402M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 354578 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 291282 | 51 |
View Market Depth
| Last trade - 12.07pm 17/06/2024 (20 minute delay) ? |
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Last
$1.01 |
Change
-0.030 ( 3.68 %) |
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| Open | High | Low | Volume | ||
| $1.04 | $1.04 | $1.00 | 1326689 | ||
| Last updated 12.27pm 17/06/2024 ? | |||||
| LTR (ASX) Chart |
