Every mining company can be compared as they have value compared to one another. To use an extreme example if LTR went to $10 tomorrow I would not hesitate to sell my holding and buy PLS @ $4 as PLS would be better value.
The recovery if captured in the unit costs, as far as the companies I have run today (CXO, LLL, LTR, PLS and SYA) LTR does have the best unit costs.
I have read the DFS and couldn't find reference to them achieving a premium to the 6% price for their 6% product, is this due to impurities, do you know what % premium is achieved?
The one thing I haven't been able to quantify is the impact of the downstream other then a reference to the fact that the converters make a 29% margin which I tried to incorporate.
LTR A NPV Valuetion, page-9
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Last
79.0¢ |
Change
-0.020(2.47%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 77.5¢ | $10.13M | 12.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 365849 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 35511 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |