You don't get it, nor do most ppl on these threads (based on...

You don't get it, nor do most ppl on these threads (based on commentary surrounding valuation).

Costs are well beyond PLS forecasts. In fact they should have been below MarQ.

The pt is, increasing costs are new norm. Ever increasing spod is not. P/E is not the correct metric based on one yrs earnings to use as it doesnt factor LT price/costs which need to be assessed against future CFs. Hence, PLS should consider fast tracking to P1k now as profitability/valuation may come down to volumes in a few yrs time.

The only aspect from report that gave me comfort is that they were able to ship the production which is a big risk in my book.