We will soon find out whether low cost developers like the one you’ve mentioned can attract capital to construct their mine. I tend to think they will ($250m is a tiny capex compared to most new Aus mines which require up to $1bn for capex for a variety of reasons including impurities in the spod in WA).
For the record (again), I am in favour of PLS as a buy at some point, but that point won’t come until a clear bottom occurs in spot prices, and this looks unlikely while companies like PLS and LTR are willing to keep dumping more and more product into China.
Good News & Bad News, page-44959
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Last
$2.93 |
Change
-0.160(5.18%) |
Mkt cap ! $8.823B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.08 | $2.91 | $69.76M | 23.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 294361 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 3706 | 2 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |