Good News & Bad News, page-19564

made 30% on PLS but I also tripled my money this last year, so actually made the same return.

i’m just here to provide a balanced view.

if the share price dropped below $4 by end of year, you wouldn’t be surprised.

if the share price doubled by end of next year, you would.

there’s greater returns elsewhere.

i’d get in PLS again if it dropped under $3.. maybe.

UBS did give a 12 month price target of $2.60.

keen to see where PLS ends up by end of Q1 23 anyways with so many other options offering better returns elsewhere.

my reason for that is most of PLS ore is bound by offtake and the spot market offers little difference to the NPV when you’re already valued at $14b.

it worked wonders at $9b.

i could be wrong, we’ll see.

its just a balanced view.