Plenty of upside with current prices of lithium and demand increasing. Was it $536/t US used in the DFS? Seen on the another thread Ken mentioned that the current prices are $820/t US. Anyone else think from Ken's latest presentations and interviews that the 5MT expansion will happen sooner than later? Possibly a large battery manufacturer wanting to secure supply and fronting money. Ganfeng also has a option to invest to $60 million for the second phase increase to 4 or 5MT.
I think PLS will outperform most lithium stocks in 2018 and the following years. Seems like there might be some sly accumulation around these levels. Fully funded for the 2MT operation and going to be shipping by Q2 2018, not far off. Money will flood back into this before then. People know this is 9 months or so away, so no real rush at present. Great buying at this price.
Plenty of upside with current prices of lithium and demand...
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |