All your prices look wrong in terms of forecast vols. The BMX prices are currently not sustainable given the input costs but also price of hydroxide. The contracted prices are also inflated. Theres no way they have or will rise that much. Have to remember some of the offtakes like the recent Yinbin deal were price offsets/discounts to compensate for funding costs. Refer to last qtrly/annual to gauge contracted price. For FY21 it was prob avg around $630. Not so easy negotiating prices upwards but it is underway. Id expect a range between $750-$850 to be achieved for FY22 which would represent 20-30% rise which is where industry believes contracted prices to go over the coming yrs. It will obv in the next qtrly due in Oct.
Ann: PLS Corporate Presentation Sept 2021, page-13
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$2.98 |
Change
0.110(3.83%) |
Mkt cap ! $8.969B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16986 | $2.97 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 175531 | 5 |
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