pls note just updated from earlier post today
Hey
@anatolMcaps
PLS $11.4b - capacity 680k 5.4%
LTR $2.7b - capacity 610k 6%
Im expecting Ltr realised prices will closer to Igo esp if we can do some 6.0+ grade
Look at IGO’s realised price in the last qtr if cy23 (btw, we’ll find out on Tuesday their q1cy24. Pls only realised usd804.
Q423 PLS USD1,113 Vs IGO USD3,016 = delta usd$1,903 PER TONNE!
Q124 PLS USD804 Vs IGO usd? Available on Tuesday
How can one lithium company be PROFITABLE NEARLY 20x MORE than another Tier 1 peer that’s arguably considered one of the best lithium companies in the world?The answer is not even being organic and nonorganic, it has to do with the quality of offtake itself or pricing strategy and the Quality of product.
This is patently evident in the results of IGO/GB vs PLS in Q4cy23. - an eye watering USD1,903/tonne diff in realised prices
Let’s assume the costs are equal and PLS still makes usd100/tonne. That will net IGO about USD1,903/tonne more!! That’s your nearly 20x more profits!!!
Do your own math !!!
This is not advice but numbers for realised prices cited are hard facts from the quarterlies of the aforementioned companies.
Enter Ltr which has strongly declared it has learned from the years of mistakes of existing producers.
Yes, TO and TG, this is your challenge and we know you’ve learned lessons that will become evident in the results as Ltr starts reporting as a producer.
Folks, BARELY 60 DAYS TO GO!
(20min delay)