I put our 2024 P/E ratio at between 2 and 3 based on current market cap and Spod pricing at around US$4,000/MT.
This assumes no restrictive ceiling prices in contracts which I believe / hope were negotiated out a while ago?
So I think there is room for the share price to double over the next year or two, just based on 175 - 200 ktpa production.
If they then double production................well we could easily see an SP starting with a $3 in due course provided Spod stays above say US$3,000/MT which seems likely to me.
I'm happy to wait for dividends in 2025 or so which should be quite lucrative.
Ann: Significant Increase to Finniss Mineral Resources, page-61
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
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