LTR 0.55% 91.5¢ liontown resources limited

ASX Today, page-39510

  1. 1,058 Posts.
    lightbulb Created with Sketch. 1426

    https://hotcopper.com.au/data/attachments/6066/6066824-e8bc929c2b6566723e655e55d0019a94.jpg

    A few posters keep posting that LTR is a "high cost producer". I came across this recent note from Citi analysts which predict/forecast LTR will have FOB cash costs of US $542 /tonne by 2026.

    That puts LTR on par with PLS on the cost curve (quite good and at the lower end of the cost curve) - certainly not a high cost producer. (See Pink highlight on photo above)

    Initially however, when production first begins, the cost will be higher. They predict US $963 /tonne in 2025 (see blue highlight). So still profitable if all goes well, at current prices, and then will gradually improve

    You can clearly see why CXO is in care & maintenance with costs of ~1500 USD/tonne

    Shorts have bets on PLS simply because they're betting against lithium

    LTR shorts would be the same, but in addition, the potential for things to go wrong during initial start up

    Point is however, long term, LTR is looking to be a great project similar to PLS. That's why it remains a high potential M&A target imo.
 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
(20min delay)
Last
91.5¢
Change
0.005(0.55%)
Mkt cap ! $2.218B
Open High Low Value Volume
94.0¢ 94.0¢ 88.0¢ $20.59M 22.56M

Buyers (Bids)

No. Vol. Price($)
1 48924 91.5¢
 

Sellers (Offers)

Price($) Vol. No.
92.0¢ 187120 9
View Market Depth
Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
LTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.