Per tonne: $1400 market price subtract processing of $450, add credit of $25, gives a margin per tonne of $975 for spodumene.
Recovery tonnage = 5,000,000Tpa multiplied by 0.14 for spodumene recovery, leaving 700,000 tonnes.
Recovery tonnage multiplied by margin per tonne multiplied by an efficiency of throughput of 75% divided by a 0.8 exchange rate.
$975 x 700,000 x0.75 x 0.8 = $AUD EBITDA of $639,800,000
EBITDA x EBIT ratio of 10 subtract $700,000,000 debt, divided by shares on issue of 1.85b gives you $3.10
There are more onerous cases, such as EBIT ratio of 7, an exchange rate of 0.9 etc, but I think this is a pretty conservative and realistic value?
- Forums
- ASX - By Stock
- PLS
- Fundamental Analysis
Fundamental Analysis, page-3
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.67 |
Change
0.310(13.1%) |
Mkt cap ! $8.115B |
Open | High | Low | Value | Volume |
$2.55 | $2.77 | $2.53 | $146.0M | 54.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 105656 | $2.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.68 | 128893 | 55 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 122470 | 2.670 |
38 | 382875 | 2.660 |
28 | 419906 | 2.650 |
17 | 202927 | 2.640 |
13 | 258070 | 2.630 |
Price($) | Vol. | No. |
---|---|---|
2.680 | 138033 | 65 |
2.690 | 148536 | 24 |
2.700 | 316339 | 27 |
2.710 | 147912 | 17 |
2.720 | 163347 | 15 |
Last trade - 15.40pm 11/09/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |