...some respite for lithium chemical but not for Spod. Spod Platts dived further!
PLS: Per Bell Potter
FY25 Spodumene concentrate production 800 - 840kt [837kt] @UNIT operating costs FOB $650 - 700/t [model used $654]
@ assumed price of $1200/MT
FY25 Revenue A$1,078m, NPAT A$123m [ @$8.756B market cap, 2025 PE= 71.19x !! ]
If SC price is instead at $770/MT, PLS revenue would be -35.8% lower -you can work that out, NPAT would be minus.
...it wouldn't matter even if SC6 recovers to $1200, PLS would still be expensive. This is how far detached the valuation is relative to the current situation.
