My calculation based on spodumene price of US$1,250/t, post-tax NPV for 2mtpa on 54Mt reserve, is approximately A$2.9b, implies $2.65 per share.
Further upside depends on future price, expansion to 3mtpa, mining life and increasing reserve.
Downside risks, including future price drop, electric vehicles production delay, etc.
Assumption: AUD/USD: 75c
6% Spodumene price: US$1,250/t
Income tax rate 30%
Ignore IDA, this should be considered but effects would be minimal, more positively contributed to NPV, imo.
NPV estimate
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Last
$4.17 |
Change
-0.020(0.48%) |
Mkt cap ! $12.55B | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.23 | $4.13 | $71.64M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 197923 | $4.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.17 | 49336 | 3 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$4.15 |
Change
-0.020 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| $4.21 | $4.23 | $4.13 | 4057040 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| PLS (ASX) Chart |