“The value of a company is the discounted future cash flows. When price drops to $1500, which I agree is quite possible, we might have earned more money than current market cap.”
*If* the price ever drops back to $1500in the near future. I don’t see that happening anytime in the next two years.
At current spodumene prices, PLS will earn its current market capitalisation in profits by the end of 2023. Earlier, if the prices continues to rise.
Goldman and opinions, page-324
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Last
$2.67 |
Change
-0.010(0.37%) |
Mkt cap ! $8.040B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.72 | $2.63 | $51.42M | 18.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 28879 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 287620 | 11 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |