I understand it as follows. 5 Mt Ore is equivalent to around 800.000t of spodumene. At current prices there would be a USD 700 margin per ton. That is USD 560m Margin. Lets assume that translates to USD 500m earnings.
P/E multiple 10: MC USD 5B --> approx USD 3 per share
P/E multiple 15: MC USD 7.5B --> approx USD 4,5 per share
Possible further upside: downstream (Posco) and MT Francisco
Possible downside: lower spodumene prices
I understand it as follows. 5 Mt Ore is equivalent to around...
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Last
$3.02 |
Change
0.080(2.72%) |
Mkt cap ! $9.045B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.04 | $2.96 | $59.25M | 19.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 40915 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.02 | 326139 | 15 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |