That's fair, but add all those expansions up (attributing for economic interest and not double counting naraha and oz2) and compare it to 680ktpa of spod in lce term (ignore the interest in posco hydroxide to equally avoid double counting).
Compare EV not market cap, you seem to be fixated on shares on issue, so let's be fair and compare the EV. If you are so inclined account for the difference in share register and comp the two. Extrapolating further to include JB which is the big question mark is more difficult, pls isn't going to sit on cash.
Again chalk and cheese, you're right you can buy 3 shares of pls for the price of 1 ake and get a much higher dividend yield which asx investors have a preference for clearly. Or you could comp returns adding back dividends and see where you land, it isn't a coincidence the gap has widened its pretty simple really.
Aimo
AKE Price at posting:
$15.53 Sentiment: None Disclosure: Held
