PLS 5.83% $3.07 pilbara minerals limited

I'm a new investor in PLS and the Li sector generally. I've...

  1. 216 Posts.
    I'm a new investor in PLS and the Li sector generally. I've noticed that PLS' market cap is c.$1.94 bil, which seems high compared to its peers (GXY - $1.56 bil and ORE - $1.48 bil). Moreover, PLS isn't yet in production whereas GXY and ORE are. Given PLS' high market cap, it seems that the current share price already reflects future earnings. It seems to me that fair value has already been reached. Thoughts?
 
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Last
$3.07
Change
-0.190(5.83%)
Mkt cap ! $9.239B
Open High Low Value Volume
$3.19 $3.20 $3.07 $96.53M 30.85M

Buyers (Bids)

No. Vol. Price($)
41 815921 $3.06
 

Sellers (Offers)

Price($) Vol. No.
$3.08 309816 3
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
PLS (ASX) Chart
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