Remember when spod was selling for like $500/tonne in 2020? Problem is that at current prices, any rock lithium resource looks economically fantastic. What happens when prices drop to $2000/tonne, when an outrageous fortune is still possible for many resource deposits to bring on more supply? That $2.4B profit now becomes $0.7B at best, which is a PE of 20 at current share price. My curbing of enthusiasm here has nothing to do any envy I could have of you lot given I sold out at $0.18/share in 2020, at a cost of $0.70. I'm not completely dumb, I happened to buy LKE at $0.03 back then and sold out high enough.
Key here is whether China keeps making insane numbers of EV's for its own diminishing population that may be copping a financial haircut. If they can't and if the developed world can't stomach chinese made EV's (I certainly can't, love my Jap made PHEV) and/or batteries, then spod sort of has to go back to well below $2000/tonne. But for now, PLS will theoretically recieve $1.5 Trillion AUD for their 218MT of reserves at current prices. That's insane.
- Forums
- ASX - By Stock
- PLS
- Ann: FY23 Full-year results presentation
Ann: FY23 Full-year results presentation, page-180
-
- There are more pages in this discussion • 149 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.82 |
Change
-0.025(0.88%) |
Mkt cap ! $8.460B |
Open | High | Low | Value | Volume |
$2.83 | $2.83 | $2.80 | $18.68M | 6.628M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
79 | 412219 | $2.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.82 | 271652 | 90 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
77 | 511081 | 2.810 |
160 | 1156000 | 2.800 |
36 | 219648 | 2.790 |
24 | 376117 | 2.780 |
20 | 273655 | 2.770 |
Price($) | Vol. | No. |
---|---|---|
2.820 | 268833 | 67 |
2.830 | 370976 | 38 |
2.840 | 402815 | 21 |
2.850 | 242491 | 18 |
2.860 | 139106 | 15 |
Last trade - 13.32pm 03/09/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |