When KB says "The supply response is insufficient, so we expect pricing to continue to increase" that only means 1 thing... SP number go up.
I dont mind the $20B market cap view from @sunnyaus - it seems quite reasonable when the chemical converters could easily stomach a $5,000/dmt+ of 5.5% - 6.0% spod in offtakes and BMX auctions to come. Let alone the fact that PLS will be becoming the chemical converters with POSCO and CALIX - so all that margin goes into the pockets of investors one way or another.
Plus, PLS has ~160M dmt to go around... with a theoretical ~40yr mine life, that's a future with the potential of ~4M dmt per year...
We're not even at 0.5M dmt per year and look at the SP (noting 1M dmt / year might be partially priced in).
Exciting times ahead indeed!
And as we know, share price follows the macro pricing environment - and we know where the pricing environment is heading don't we
Cheers - Woly
When KB says "The supply response is insufficient, so we expect...
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Last
$3.03 |
Change
0.085(2.89%) |
Mkt cap ! $8.954B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.03 | $2.96 | $26.25M | 8.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 32881 | $3.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.03 | 674138 | 94 |
View Market Depth
| Last trade - 12.38pm 11/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |