New argentinan laws and incentive programs are going to smash medium to long term price assumptions from brokers and analysts. Pricing of $1k is likely to be the upper end now.
This makes PLS P2000 program look far less attractive, however buying other deposits is almost completely unviable as well given the costs here are going to be so much higher than Argentina.
Maybe PLS will get to bid or JV on something like LTR when it falls over. Follow the MIN playbook and buy the mine and infrastructure for cents on the dollar like Bald Hill.
We are heading for much lower lows.
Good News & Bad News, page-44216
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Last
$2.99 |
Change
-0.025(0.83%) |
Mkt cap ! $8.804B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $35.72M | 12.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 57835 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 69292 | 36 |
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| Last trade - 12.00pm 10/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |