New TA/Charting, page-8252

PLS are currently on track for FY2023profit before tax of an estimated $2 Billion. That is why their market cap is $9B.

Have you checked the Port Headland shipping news that @nightflyer provides. June quarter is looking to be well in excess of 100kt even though they are commissioning upgrades. With an expected price of approx’ $4500 US pt, that is some extreme cash flow right there.

Now when LTR finally get a plant built without too extreme cost blowouts and the plant is commissioned to nameplate with recovery where it should be, the company hopefully will enjoy a similar market cap. Of course we will need spod prices to hold at prices well above the historical norm.