We're bottoming out on Monthly timeframes which is a great sign...

We're bottoming out on Monthly timeframes which is a great sign that sentiment will turn very shortly.
But when the amount of money PLS will be making is so disgustingly large - the numbers speak for themselves:

• Even with an Market Cap to EBITDA ratio of 1:5 (should be 1:10) - PLS current value at 350,000tpa is around the $4.00 - $5.00 range.
• Keep in mind we're only a few months away from out 500,000 tpa run rate which has PLS at about the $6.00 - $8.00range (again, at a MC to EBITDA of 1:5).
• Then by mid next year ramped up to the p680 project to 680,000tpa... this has us even higher.

Even if SC6% prices retrace over time (which can happen, but it will happen slower than the rise) in 1-2years PLS is still positioned to be in a much more valuable spot than it is now (now being $4-$8 SP estimates) due to:

• Like the SP, sentiment is at its lowest, when it turns, expect SP reflecting ~1:10+ MC to EBITDA ratios.
• 1,000,000 tpa coming likely in FY24 (because demand isn't going anywhere)
• POSCO JV up and running
• CALIX JV up and running
• Unexplored tenements might mean Pilbara "Minerals" begins scoping other minerals
• What else have I missed?

It feels like the market is finding its bottom, and PLS has found its bottom at ~$2. Which by the way is insanity - but markets are irrational and we cant expect them to change so it is what it is.

So yes, if you were thinking about buying more, now is the time dummy (imo, dyor, etc...) - I'm saying this to myself more than anyone

Cheers - Woly