Can you tell me how you have arrived at the $5B cash by next year as I'm not anywhere close to that.
My numbers suggest by mid next year the company will have closer to $2-2.4B in cash as they still have a large tax bill to pay, they have large capex spend underway and the Spodumene price has dropped substantially.
I also have a forecast PE ratio of around 11.5 for 2023/34 compared to your 4.7 and the average forecast from the 12 brokers on morning star is a PE of 12.9 for 2023/24 and 12.6 for 2024/45
I do agree though that the company still has a strong balance sheet and is fair value at current prices.
Good News & Bad News, page-36173
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