I agree with you that at c.$2bn the market cap is high for a non producer however PLS will be mining this year and they will be ramping up to 5mtpa in the years to come. All of stage 2 production is spoken for. That’s 800kt/yr. Its not a maybe, it’s going to happen.
There’s further upside potential with down stream processing and potentially a second deposit and potentially a second plant.
No offence to GXY holders but their 16mt 1% deposit in Australia is rather small, their brine deposit is several years away, their Canadian deposit is pretty good imo but also years away from production.
ORE which I also hold have taken years to get to nameplate production (hopefully this year).
PLS is the better of the 3, you get what you pay for.
January Tea Leaf Musings !, page-44
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |