PLS Fundamentals

What a few weeks

Hitting 1.25 and now down to sub a dollar!

Market cap from 2 billion down to 1.6 billion

Analysts are forecasting lithium prices to go back to long term averages, thats fine! PLS is one of the lowest cost producers of lithium in the world. Remember project economics were done on a long term price of $537 usd per tonne!.

See below for simple maths on margins.

We have 100% locked in offtake for 5 years on 2mtpa, we have sold 50% of expansion to 5mtpa.

Expansion is happening whether the lithium market likes it or not. PLS will the next Lithium Major

You might see this as ramping, but these are facts. All assumptions and statements have been released by announcements by PLS.

Bring on a price of 600-700usd to get rid of the high cost producers.

Personally I see prices hanging around 1000 usd for next 3 years, but lets be conservative.

I also think we will operate at a P/E ratio of 10-15 not 5-10.

I hope the shorters take it to 75c, because I will be buying anything in double figures. please DYOR and some of these is my opinion only, but most of it is facts.