I put our 2024 P/E ratio at between 2 and 3 based on current market cap and Spod pricing at around US$4,000/MT.
This assumes no restrictive ceiling prices in contracts which I believe / hope were negotiated out a while ago?
So I think there is room for the share price to double over the next year or two, just based on 175 - 200 ktpa production.
If they then double production................well we could easily see an SP starting with a $3 in due course provided Spod stays above say US$3,000/MT which seems likely to me.
I'm happy to wait for dividends in 2025 or so which should be quite lucrative.
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9.8¢ |
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Mkt cap ! $209.4M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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9.9¢ | 334881 | 7 |
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No. | Vol. | Price($) |
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1 | 50000 | 0.098 |
4 | 420000 | 0.097 |
7 | 684166 | 0.096 |
6 | 449930 | 0.095 |
5 | 422155 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.099 | 334881 | 7 |
0.100 | 733032 | 9 |
0.105 | 2470293 | 29 |
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