Well … share price of $15 makes a market cap of about $58B. That sounds really high hey … but …
If in stage 1 production we assume approx 500,000tpa is sold at say $5,000USD profit (working from something near current pricing but allowing for some inflation and deducting production costs). [Don’t forget, the structural deficit in Li supply starts just as we hit first production output and first sales.] That’s annual earnings of about $2.5B (but USD). Convert to AUD at say 0.7 exchange and that’s about $3.5B (AUD).
So that gives a PE of around 16.
These figures could be out so happy to hear otherwise … but I think PE runs at about:
FMG - 4
MIN - 8
BHP - 12
Lynas - 31
All ords - approx 18
So is the $15 actually as far out of possibility as it may first appear to be? Recalling, that just for stage 1 output…
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Last
79.0¢ |
Change
0.010(1.28%) |
Mkt cap ! $1.915B |
Open | High | Low | Value | Volume |
81.0¢ | 82.0¢ | 78.5¢ | $11.44M | 14.36M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 342418 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.5¢ | 102506 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 342418 | 0.790 |
20 | 444603 | 0.785 |
27 | 469145 | 0.780 |
11 | 148488 | 0.775 |
18 | 96768 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 102506 | 9 |
0.800 | 160126 | 10 |
0.805 | 113260 | 8 |
0.810 | 103219 | 7 |
0.815 | 211349 | 3 |
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