Yeah look some of those concerns are legitimate issues. Thats why you give a risked valuation of the project right now. But to provide it as your 12 month price target doesn't make sense. That's what 12 month PT's are for. To allow navigation and resolution of the issues still facing the company. Not saying the will be in a worse position in 12 months than they are now.
Secondly do you not see some irony in the fact that they say PLS being ready for commissioning in 15 months time is an aggressive timeline yet at the same time saying there is no major barriers to entry for spod miners?
Would you not say the fact that most of their potential competitors are at least a year behind them (plus apparently needing more than 15 months from this stage) giving lead times of projects of 2.5-3 years plus is a barrier to entry?
New Macquarrie projection, page-46
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$2.85 |
Change
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Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.89 | $2.82 | $51.48M | 18.09M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6942 | $2.84 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 129885 | 1 |
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