https://x.com/CarlCapolingua/status/1864169494794653930...

https://x.com/CarlCapolingua/status/1864169494794653930

...market participants don't have other ideas on how to deploy their funds? Must look at past favourites/heroes?

...Cheap is not by referencing to 52 week lows.

...PLS is anything but cheap. This below is Bell Potter's updated projections even using Spod prices that could still be rather optimistic. 2025 and 2026 PEx at 212 and 67 respectively.

...$7.2Bil market cap is Rich.

	Column 1	Column 2	Column 3
0	BELL POTTER	Updated 30Oct2024
1	PLS	2025-@$923	2026-@$1150
2	SPOD PRICE ASSUMPTION	$    923	$   1,150
3	LITHIUM HYDROXIDE	$ 11,374	$ 13,500
4	AUD REVENUE (MIL)	$ 780.00	$ 1,084.00
5	OPERATING EXPENSES	$    (608.00)	$   (763.00)
6	DEPN & AMORTISATION	$    (137.00)	$   (176.00)
7	NET INTEREST EXP	$    15.00	$ 7.00
8	NPBT (MIL)	$    49.00	$ 153.00
9	NPAT (MIL)	$ 34	$   107
10
11
12	NO OF SHARES (MIL_	3,009	3,009
13	PRICE	$    2.400	$   2.400
14	MARKET CAP (MIL)	$    7,222	$   7,222
15	PE MULTIPLE	212.40	67.49