Well thought out BUT I will say PLS is "just" holding onto a + EBITDA while trying to develop a hydroxide operation that is not ramped yet and hasn't got control of its costs yet either , where as SYA is - EBITDA just with mining alone so in comparison based on this SYA is still struggle street but we need to let the dust settle on the merger before re-evaluating SYA IMO . Anyway I think LTR is the better comparison IMO for SYA the recent LTR price run is a good example for SYA as rumour has it it's driven by LTRs negotiations regarding the next run of supply contracts which "if you believe the rumours " is going to be spot plus 50% or 50% of current spot (LOL the whispers aren't overly accurate ) So playing devils advocate here 50% increase in spot for LTR is equal to 100% more MC so if SYA could do the same then 4c is possible for SYA or the EQ for the merged entity - personally because EYA is so depressed I think 8c is more fair if 50% increase in price for SYA brings them into cash flow positive territory with breathing room .
Anyway AIMHO TT
SYA Price at posting:
1.6¢ Sentiment: None Disclosure: Held
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