Banter and general comments, page-28823

This lull reminds me of a PLS 12 months ago, just before their incredible run up.

Everyone was screaming about how many billions PLS was making, but the brokers ignored them and pointed to non sensical valuations and reports. Until they couldn’t ignore cold hard cash and produced one of the most spectacular runs in 21st century ASX 200. They were clearly wrong on the $2 valuations.

Lots of parallels to be seen here. Money flowing in, mine ramping up, but shorters continue piling on betting on something going wrong.
The SP will be suppressed until it can’t be suppressed anymore.
A $1.7b dollar company is going to be worth a lot more than this when our NPAT will be more than $1b by this time next year, based on some pretty conservative numbers.

That is all without taking into account the aggressive expansion plans which should take us to 50Mt resource this time next year, and an expansion to 400ktpa with an 18 year mine life.