My current valuation for PLS is A$2.3 per share. It will be there most likely this year or possibly next. Dividends will start in 2021/2022 unless we are taken over earlier.
My next argument is that in a typical Tesla Model S battery LCE content is around 64kg or approx worth US$768 @ US$12k a ton. Lithium therefore; can double or even triple in value in the next few years and won't make a major dent in EV prices. In five years therefore; this stock could even hit $10 per share. It's an opportunity of lifetime. It only depends how you look at it and if you have the patience to buy and hold the stock.
My current valuation for PLS is A$2.3 per share. It will be...
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Last
$4.18 |
Change
0.120(2.96%) |
Mkt cap ! $12.58B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.20 | $4.11 | $86.61M | 20.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1408666 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.19 | 165878 | 22 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$4.18 |
Change
0.120 ( 3.20 %) |
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| Open | High | Low | Volume | ||
| $4.12 | $4.20 | $4.12 | 4580071 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PLS (ASX) Chart |