PLS chart, page-198

"True, but a very very long time away from the old time high of $1.25 ."

Forget about the previous old time high, its history and was based on hype around Lithium at the time ,the only thing of any relevance now is where it's going and currently it's going very well. The lesson back then is if a chart goes parabolic during a time of hype, as it did, then get out , they always retrace when reality sinks in...

The question to ask yourself is the current MC of $812m for a company that's not making money at present , undervalued , overvalued or fair value and what timeframe are you working in. For me it's overvalued on current metrics and undervalued on future potential...unfortunately future potential is in the future and unknown, but I like the odds for considerable future value.....

Its interesting to note that at the time of the $1.25c high the MC was just on $2b and the plant wasn't even producing.!!..talk about hype.
One could imagine what could happen with a new round of hype and a plant producing profitably..happy to wait and find out should it happen..


Cheers Whisky