A PE between 8-12 tends to be realistic for a mining company, so I think it’s likely going to keep falling into that range.
The conversion capacity, and the effectively unlimited brine resources at current production levels (meaning mining depletion is largely irrelevant) could easily justify a PE of 15-20. Unfortunately the market doesn’t see this and won’t value the company at a premium.
A PE between 8-12 tends to be realistic for a mining company, so...
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Last
$3.40 |
Change
-0.045(1.31%) |
Mkt cap ! $1.188B | |||
| Open | High | Low | Value | Volume |
| $3.37 | $3.42 | $3.34 | $2.134M | 630.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 28848 | $3.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.40 | 11328 | 6 |
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| Last trade - 12.02pm 09/09/2024 (20 minute delay) ? |
| LTM (ASX) Chart |