PLS 1.04% $2.85 pilbara minerals limited

So with all these spod mines coming on line, doesn't their...

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    So with all these spod mines coming on line, doesn't their $1650/tonne price dropping to, say, 25% above current spot, say $1150/tonne, mean that their EBITDA margin will be more like 20%, and PLS effectively be making$200M to $250M per annum profit? That sort of implies a share price well under half it is now. And probably the best they ever hoped when they started this journey way back.
 
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