Hi Pokerface,
Good post, I agree.
IMO the 2mtpa operation, and the cash flow generation that comes with it, can quite conservatively sustain a share price of $1. I see minimal risk to this valuation now.
Then we need to add on a cents per share valuation for the probable expansion to 5mtpa.
Of course, then what value to add considering the extremely positive sentiment for the lithium industry currently?
The next 3-4 months could certainly see that $1.20+ figure.
My initial price target for PLS was around the current share price, but that was based on the assumption of a 2mtpa operation. As the 5mtpa operation becomes more likely, the price target changes.
Cheers!
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$2.98 |
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Mkt cap ! $9.015B |
Open | High | Low | Value | Volume |
$3.01 | $3.01 | $2.95 | $44.94M | 15.05M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 58493 | $3.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.69 | 20634 | 1 |
View Market Depth
No. | Vol. | Price($) |
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13 | 95216 | 2.980 |
32 | 413851 | 2.970 |
37 | 543373 | 2.960 |
58 | 627457 | 2.950 |
41 | 223262 | 2.940 |
Price($) | Vol. | No. |
---|---|---|
2.990 | 305703 | 43 |
3.000 | 475825 | 28 |
3.010 | 421038 | 29 |
3.020 | 148327 | 26 |
3.030 | 202506 | 9 |
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