Do you understand the MC difference between Jan 2018 and now? Or...

Do you understand the MC difference between Jan 2018 and now? Or the change in product recovery rate? Or the change in product monthly shipping rate? What about change in enterprise value?

Re what dates I used - I took the approx lowest value of SP from 2020 (basically the most recent medium term lows for all Li companies) for each one (all slightly different dates but within about 2 months of each other). If instead you want to look at how close to ATH SP each is ... well ...

PLS high was somewhere around $1.24 (but I think that was not an end of day trade value, could be wrong), now it’s about $1.09 so around 88% of that ATH.

GXY high was around $4.20 and now $2.86 so around 68% of the ATH.

MIN - yes current SP is ATH (but maybe consider the Fe market for its current position moreso than Li).

But - let’s look at ATH based on Market Cap ...

PLS MC at ATH SP was around $2B - now around $3B (you can look up the SOI and do the exact calcs if desired)
GXY MC at ATH SP was around $1.7B - now around $1.2B.

So ignoring MIN (more reflective of the iron ore market at present but does have that Li exposure), based on SP alone, PLS has had a 20% greater “return” to ATH compared to GXY. Based on MC comparison PLS is now at its ATH MC and some 50% greater than when the SP was last around these prices. GXY MC is around 70% of its ATH MC.

Can you help me see where you think the PLS value has not been a good return of recent?