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And PLS hits a new 52 week low following this acquisition

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Astutebio90

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15/08/24

10:29

Post #: 75216475
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Originally posted by OneGoodTrade: ↑

One more M&A activity today:

Pilbara Minerals Agrees to Acquire Latin Resources at around 560 million Australian dollars (Peak valuation was $1bn +).
Implies Value Around A$0.20/Latin Resources Share.

Project Resource: LCE of 2.2Mt. DO NOT COMPARE WITH PHOENIX AS ITS HARD ROCK PROJECT.Estimated after-tax NPV and IRR of $3.6 billion and 132% respectively from total life of mine revenue of $12.6 billion.

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And PLS hits a new 52 week low following this acquisition
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