PLS chart, page-6862

From poster acwbagnall earlier this evening - and my response, in bold.

What's so difficult about that to understand?
We will make a tonne of cash between now and then, and worst case it ends up in my pocket as dividends, best case its invested into new projects and downstream products.
All I was saying is the recent trading range of $2-3 was imo a fair place *at the moment* to be given the future outlook and inevitability that prices will retrace over time as no mining company will sustain software margins forever. $2 being good value and above $3 I'd be offloading some again.
You all seem to like that spreadsheet with prices in the $5-7k bracket but don't like when I point out that the long term prices most analysts agree on put the SP at or grow current values even when our production is triple current.
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What's so difficult about that to understand?

We will make a tonne of cash between now and then, and worst case it ends up in my pocket as dividends, best case its invested into new projects and downstream products.

MY COMMENT:  They are making $500m free cash per qr. What new projects exceed say $1 billion total spend......or just 6 months of production, AND also not allow dividends of 25%,PA at a SP of $3.

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All I was saying is the recent trading range of $2-3 was imo a fair place *at the moment* to be given the future outlook and inevitability that prices will retrace over time as no mining company will sustain software margins forever. $2 being good value and above $3 I'd be offloading some again.

MY COMMENT : BHP/RIO far exceed PLS margins.... "BHP expects to achieve its cost guidance for the 2021 financial year at the Western Australia Iron Ore and Queensland Coal operations after breaking production records. The company’s 2021 cost guidance for WAIO is $US13-14 ($17.75-$19.11) per tonne. For 15 years these margins have been sustained. ...yet your comment "no mining company will sustain software margins forever. ????"

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You all seem to like that spreadsheet with prices in the $5-7k bracket but don't like when I point out that the long term prices most analysts agree on put the SP at or grow current values even when our production is triple current.

MY COMMENT : Most analysts agree on - I expect, you won't be happy to read my views here acwbagnal - so am reluctant to offer any advice, but I would just say, please, please do not take any notice of analysts.  Been on this chatline 20 years and am full time. I would suggest you have skills already that exceed most analysts....yet you default to their advice. Why when time after 100 times, again and again over history - they have not proven to be correct ?

I think these margins will be sustained for an indefinite period (me talking)- just the unique high growth nature of this product and business......   " "above $3 I'd be offloading some again" - $3 could be immediately following the June qr, just in a few weeks. But hope you change your mind acwbagnal.  Also it may be a forlorn hope, but I wish you take my comments directed to you, in good faith.

Something really special is about to evolve here.....and everybody should be part of it.

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