Yeah a couple of things. I have not been burnt on mining stock's in the past, in fact they are actually where I have made most of my money, but I have made that money by knowing the right and wrong times to be in a mining stock. I have a fair idea about mining, as I have been working in the industry for around 16 years, and am sitting in my office a mine site right now.
I agree with certain statements presented above, and I am not arguing that this business could not be worth a considerable amount in the future. I just think that we are disagreeing on timelines, and the things that happen between where the company is now, and where it may be in the future, with regards to valuations.
I believe even if PLS is highly successful, there will be times where the current market value is well above what it should be, and possibly well below what it should be. What I am saying, is that with 300 million shares hitting the market and the company value approaching $1 billion last week, imo it is overvalued at this point in time.
NPV vs Increasing Market Cap, page-12
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Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |