Hi all,
Beer & Co. Have come in with a valuation of 40c a share for AJM today.
http://alturamining.com/wp-content/...FS-August-2016-First-Product-October-2017.pdf
Myself & @ozblue always belived that PLS shareholders should always be trading at a 3x to 5x multiple of AJM. Lower production cost / bigger resource / scale / quality of resource.
This supports Blue Ocean range of 90c to $2.00 / share target. I always thought once the two BOA's / DFS were in we should have been over 1.00+
What is interesting for relevance to PLS is brokers are now forecasting high prices to 2022 before potentially, normalizing at 475/ton for 6% concentrate.
475 is still 100% profit....
I see this as supportive of DFS and future broker valuations. It would be good to get an update from Blue Ocean rather than just when they want to make money from us.
Hope we all have a terrific ride into the end of the year,
Super Ninja
Hi all, Beer & Co. Have come in with a valuation of 40c a share...
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.97 |
Change
-0.110(3.57%) |
Mkt cap ! $8.938B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.11 | $2.93 | $115.5M | 38.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 559299 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 57535 | 4 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |