I look at Wodgina as someone paying $1.6b for a 50% interest, as if the plant had already been constructed and paid for by MIN. Therefore Wodgina value is $3.2b for an operation producing 780ktpa of SC6.
I look at this current Pilgangoora partnering proposal as if someone is looking to purchase an interest in an operation producing 1.2mtpa of SC6. Therefore Pilgangoora operations relative value is near $5b.
Therefore PLS value is $5b less $0.75b for Stages 1,2 and 3 costs.
I suppose a minority interest is less valuable but while respective resources are similar, PLS currently has a near term exploration target of 50-90mt.
Further potential for POSCO JV value of upwards of $1b less costs of $200m.
I just flew in this morning. I've hardly slept the last 2 nights and am about to crash. I still haven't read the CP announcement. I'm dazed and happy at the SP increase but comfortably certain of this as a long term hold.
KB, Simon Moores, Joe Lowry and Howard Klein all agree Lithium prices will rise this year and their must be some opportunistic suitors out there. Quite a few I'd imagine.
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B |
Open | High | Low | Value | Volume |
$2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 314863 | $2.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.91 | 20820 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11001 | 2.860 |
3 | 63402 | 2.840 |
2 | 10003 | 2.830 |
2 | 11060 | 2.820 |
4 | 53088 | 2.810 |
Price($) | Vol. | No. |
---|---|---|
2.910 | 20000 | 1 |
2.920 | 94952 | 9 |
2.930 | 106414 | 14 |
2.940 | 173277 | 18 |
2.950 | 265756 | 21 |
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