PLS 1.64% $3.00 pilbara minerals limited

Iam wondering why people think the stock price will go much...

  1. 24 Posts.
    lightbulb Created with Sketch. 5
    Iam wondering why people think the stock price will go much higher?
    I did some quick calculation:

    Expected sales this year: ~330k (dmt)
    Estimated margin (~1.000 $ - 430 $)
    Equals: ~ 190 Mio $
    Marketcap is around 4.500 Mio $ !!!

    Conclusion: stock is way overpriced at the moment. We need at least double the amount of revenue to justify this high valuation.
    The sale price must increase over the next 2 years to make even higher stock price likely. We will see if this happens. I have my doubts.

    Sources: latest company presentation
 
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