PLS 5.00% $2.85 pilbara minerals limited

Good News & Bad News, page-34750

  1. 508 Posts.
    lightbulb Created with Sketch. 50
    FCF end of FY $3.3b - tax .773b - dividend .450b - Cap exp mainten etc .935b what is left is $1.14b
    Q1 2024 155kt - 2700US$/t - 1.55 US to AUS - minus $900 operating cost (inc Royalities) - minus tax (paid monthly) = approx $.350b. Lets just have a guess $.300b for Q2FY2024. They then have APPROX FCF $1.89b
    20% of 1.89b is .370b - in my book plenty enough to pay a reasonable dividend - subject to any commitment towards new JV for 300kt. Just my take on it all. No correspondences will be entered into.


 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.