Interesting that KDR has a market cap of $761m and owns 50% of their lithium project, which is undeveloped, with SQM. Wodgina, owned by MinRes has an intrinsic value of $3.2b, although from their $1,6b, MinRes have to fund half the concentrate plant.
So, PLS with a fully developed plant, producing a 6% concentrate (which is clearly not easy to achieve) is trading at a market cap of $962m. This is arguably at a 37% discount to KDR’s undeveloped project, and a whopping 65% discount to the Wodgina deal (again a long way behind PLS in terms of development)
The Chinese bottleneck has hurt us and the negative spin is also hurting us a lot.
Arguably PLS is very cheap at present.
I sense we are not far away from a deal with probably Posco- I hope so!
We await the quarterly
Comparative Values
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |