I did not expect to see those price levels again, so I put an order on Friday and yesterday got another parcel of 100k shares at 82,5 cents.
Even if I use my most conservative estimates this stock is worth more....
PE multiple 8
Stage 2 nameplate - 20%
Current prices -20%
840.000t x 80% = 670 ktpa spodumene production
670.000t x 700 USD /t = USD 470m ebit
-30% tax = 330m USD Earnings
330m x 8 = 2.640m USD value
= 3.6B AUD
3,6B AUD / 1,74b shares > 2 AUD
Disclaimer: I expect much better than that. Just couldn't find any reason not to buy more.
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Last
$2.82 |
Change
-0.030(1.05%) |
Mkt cap ! $8.491B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.92 | $2.81 | $38.41M | 13.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 78974 | $2.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.83 | 14578 | 5 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |