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!
PLS hitting $1, page-8
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
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