Happy holidays everyone - hope you all are excited for 2023 as I...

Happy holidays everyone - hope you all are excited for 2023 as I am - here's why:

Charts:

• Post Covid bottom in (Mar20), we had a nice little ~200% run, followed by a ~30% retrace, over a 2 month period, at the same place on the Stoch RSI
• From the previous ~$2 bottom (Jul22), we had a nice little ~200% run, followed but ~30% retrace, over a 2 month period, at the same place on the Stoch RSI
• Dejavu?
• Post the ~30% retrace in 2020 there was a bull run of approx +1200% (~$0.30 to ~$3.90), over a 490day period.
• Post the ~30% retrace in 2022 there was a bull run of approx +___% (~$3.90 to $___), over a 490day period.
• Are we in for Devaju x2?
• By the way, we tested the previous $3.90 high and bounced, that's a picture perfect "RS flip" right?
• Its totally unreasonable to think we'll get another +1,200% run, but we can easily get +100% run at very least. You're kidding yourself if you think that's not likely.
• My target is $8.50 from the fib - which lines up nicely with current valuations based off conservative $4,500 USD/t of SC6% equivalent pricing and 580-680tpa volumes (note the recent BMX at ~$8,300usd/t SC6 equivalent).

General

• Like I noted above, the $8.50 price target is where my bootleg valuations come in at with (i) MC/EBITDA ratio of 6:1, (ii) SC6% equivalent at $4,500usd/t, (iii) volumes falling between 580tpa and 680tpa, (iv) POSCO JV priced in as it will be operational in CY23 - someone fact check me on that plz.
• We're getting dividends which should be between 20c-30c per share based on operating cashflow at FY23 end being around the $3B range (pending any major capital investments like potential M&A's)
• Pricing looks like its stabilizing (which isnt a bad thing) at the $8,000usd/t on the higher side, so higher volume contract pricing moving forward should be very nicely above +$5,000usd/t.
• CALIX demonstration plant will likely have a long line of customers for its outputs - this is such a dark horse venture for PLS! Cant wait to see where this goes!
• All the other projects/upgrades are moving to schedule!

Happy Holidays Everyone, take care of yourselves and DYOR.

Cheers - Woly