Pilbara have replied to my email regarding floor price.We do have a floor price relating to stage one, no floor price for stage 2 offtakes, but have chosen not to disclose due to being commercially sensative.
But they confirmed that the intent of the floor price was it was designed to be at a level that assisted the funding of the project through their Nordic Bonds, it therefore covers the cost of production plus a nominal margin plus interest costs and the amortization of the bond itself over the term. They said they did not expect the realised price to reach the floor price.
So i suppose someone out there may be able to estimate what the floor price is approximately. I was thinking $300 t production costs plus lets say $50 a tonne nominal margin just to be not to greedy, so the interest on the funding would be $100m US x 12% pa = 12m interest annually over 330000t of spodumene equates to interest per tonne of $36 per tonne approx and amortirization cost i am guessing would be worked out over the 5 years ( 20m per year) even though only amortization in years 4 and 5 with 1 to 3 interest only,so lets say approx $61 per tonne. So i get $300 + $50 + $36 +$61= $447 US per tonne, so somewhat below AJM's $550 t but i believe a realistic figure, thoughts anyone?
Christopher
- Forums
- ASX - By Stock
- PLS
- Day to day discussions on S/P
Day to day discussions on S/P, page-11775
-
-
- There are more pages in this discussion • 4,660 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.06 |
Change
0.040(1.32%) |
Mkt cap ! $9.210B |
Open | High | Low | Value | Volume |
$3.04 | $3.12 | $3.02 | $47.88M | 15.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 321604 | $3.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.07 | 269930 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 98240 | 3.060 |
13 | 82683 | 3.050 |
13 | 75513 | 3.040 |
10 | 29960 | 3.030 |
20 | 88646 | 3.020 |
Price($) | Vol. | No. |
---|---|---|
3.070 | 400 | 1 |
3.080 | 7280 | 2 |
3.090 | 11600 | 2 |
3.100 | 66993 | 13 |
3.110 | 237299 | 9 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |