....PLS had $1645/t average selling price last quarter. ....good...

....PLS had $1645/t average selling price last quarter.

....good news or bad news all depend on expectations, but the results would be underwhelming.

....if my calc is right, quarter profits $41.58mil , annualised $166mil stacked against a market cap of $12.13B, PEx = 73?

Goldman Sachs provides a preview to $PLS March Quarterly next Friday:

Average selling price of #spodumene: US$869/tonne. Down 21% from the previous Quarter.

Production: 173,000 tonnes. Up 1.7% from the previous Quarter.

Sales volume: 174,000 tonnes. Up 6.1% from the previous Quarter.

Cash costs slightly reduced to A$630/tonne.

https://x.com/mineralsmindset/status/1778319326589931923