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.
We will soon find out whether low cost developers like the one...
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Last
$2.98 |
Change
0.000(0.00%) |
Mkt cap ! $8.971B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $3.06 | $2.90 | $69.52M | 23.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1139657 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 57305 | 5 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |