Can you tell me how you have arrived at the $5B cash by next year as I'm not anywhere close to that.
My numbers suggest by mid next year the company will have closer to $2-2.4B in cash as they still have a large tax bill to pay, they have large capex spend underway and the Spodumene price has dropped substantially.
I also have a forecast PE ratio of around 11.5 for 2023/34 compared to your 4.7 and the average forecast from the 12 brokers on morning star is a PE of 12.9 for 2023/24 and 12.6 for 2024/45
I do agree though that the company still has a strong balance sheet and is fair value at current prices.
Good News & Bad News, page-36173
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Last
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Change
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Mkt cap ! $11.73B | |||
| Open | High | Low | Value | Volume |
| $3.98 | $3.99 | $3.89 | $58.41M | 14.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 7 | 49303 | $3.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $3.91 | 30650 | 5 |
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| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$3.90 |
Change
-0.040 ( 0.79 %) |
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| Open | High | Low | Volume | ||
| $3.98 | $3.98 | $3.89 | 3576968 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
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