PLS 5.69% $3.16 pilbara minerals limited

EOY 23 Price Target - $8.47, page-15

  1. 857 Posts.
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    Personally, I don't see $8 this year. P680 - will barely be ramped; POSCO - barely started ramping + a SP discount due to a dividend (or two?). My merlin modelling (i.e. complete guess) I think we will see low $7's - but hold in the mid-high $6's for majority of the year. Note: that's with a healthy dividend at some stage.

    Wait with baited breath on P1000 details, however fully expecting that to either be ramped or near to next year. Therefore 2024 is the year, imo.

    Although as we've seen, market is fairly irrational with PLS on the downside - who isn't to say it won't swing the other way (into overvalued)? Never say never.
 
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