In the recent quarterly, PLS indicated favourable price revisions with two offtake partners that would likely be reflected in the September quarter, while the quarter just gone, PLS incurred operating costs (FOB) of AU$591/dmt which resulted in $123 million from a realised price of $US840/dmt. Less capex it came to $59 million. I'm sure that's enough to cover wages?
I think we have some buffer yet to go, and if need be some of the huge capex (in growth, mine development, infrastructure, etc.) could be put off. But the balance sheet remains robust.
The earnings report will give a fuller picture.
PLS Price at posting:
$2.83 Sentiment: Buy Disclosure: Held
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