So currently PLS with a cash balance of $1.6B AUD. The Latin PEA Phase 1 cost was slated at $379M AUD. Add some on for PLS IP like an ore sorting facility and let's round it to $500M.
PLS will sequence this production which basically means, they won't build it until prices are much higher. When the price is higher, PLS will be banking cash again so I suggest, they won't do a capital raising but may indead take on some government friendly debt or other juicy incentive to help finance the project. A bit like the $250M they have used currently from the EFA and NAIF. Didn't really need it but hey, why not. That's the thing when you become a large successful producer. Financing becomes much easier.
Good News & Bad News, page-45143
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$2.67 |
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| Open | High | Low | Value | Volume |
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