Why not work on base case for valuation, as per PLS corp presentations for stage 2, expected average EBITA is AUD$382 mill.
Most Li miners are being valued at 10 to 15 x EBITA, lets use 12.5 x.
12.5 x $382 mill = $4.775 bill / 1.75 bill shares on issue = sp of AUD $2.73
Add POSCO JV, AUD $152 mill EBITA / 1.75 bill shares on issue = sp AUD $0.09.
Thus base case sp of $2.82.
Anyone here willing to hang arround for 2.5 to 3 years to derive another 212% gain on today's sp.
Lithium Demand surge, page-974
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Last
$2.41 |
Change
-0.170(6.59%) |
Mkt cap ! $7.257B | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.60 | $2.41 | $64.35M | 25.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 123970 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 15148 | 3 |
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| PLS (ASX) Chart |