PLS

5.69%

$3.16 pilbara minerals limited

PLS sector -relevant media updates, page-41

First 41 Last

Share
Profile

Follow
Sjlasx

3,469 Posts.

3021

09/12/20

10:18

Post #: 49444422
Share

Originally posted by Sjlasx: ↑

When trying assign a valuation to PLS, post acquisition of ALO, in comparison to the Wodgina and Tianqi deals, the following information may be of some use.

Here is the Wodgina resource table (I hope it's the most recent), and pay attention to the Casserite Pit over the high Fe content Tailings Storage Facility.

So lets call the Resource value of most interest 211.6mt @ 1.23% Li2O with Probable Reserves of 142.4 @ 1.19% Li2O

I understand Greenbushes had Proven and Probable Reserves of 84mt @ 2.35% Li2O last report I saw.

Now onto Altura.
Resource of 50.5mt @ 1.01% Li2O with Proven and probable Reserves of 41.1mt @ 1.05% Li2O.

Now to PLS.
Resource of 226mt @ 1.27% Li20 and proven + Probable Reserves of 108.2mt @ 1.25% Li20.

Of major importance, if a cutoff of 1% is applied, the PLS Resource stood at 160.8mt @ 1.5% Li20.

PLS also have Tantalum, whereas this valuable byproduct at Wodgina was not part of the deal with Albemarle as MIN had a separate deal with GAM for the Tantalum. Also it would seem PLS has lower levels of Iron than Wodgina.

Now to combine PLS and AJM.
Reserves: 178.4mt @ ~ 1.2% Li2O
Resource: 276.5mt @ ~ 1.22% Li2O

The combined Reserves for PLS + AJM are 36mt greater than Wodgina at a similar grade.
The combined Resources are 64.9mt greater the Wodgina Casserite pit, and again a similar grade.

My opinion was that prior to the ALO acquisition, the PLS resource was more valuable than Wodgina's resource.

Feel free to draw your own conclusions about the valuation of PLS in regard to peer valuations. When I did mine I was sure to include the additional shares on issue that will be added for the transaction before applying a target SP to my valuation of PLS. If you don't mind, I will keep that number to myself.

Apologies in advance for any inadvertent errors in calculations and for the dated nature of some stated Resources and Reserves.

Expand

From presentation released today. Greenbushes Resource and Reserves:

PLS Price at posting: 88.5¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

The winners & losers on market if negative gearing were gone

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

There are more pages in this discussion • 227 more messages in this thread...

First 41 Last

Add PLS (ASX) to my watchlist

(20min delay)
Last $3.16		Change 0.170(5.69%)		Mkt cap ! $9.515B

Open	High	Low	Value	Volume
$3.10	$3.20	$3.05	$117.6M	37.50M

Buyers (Bids)

No.	Vol.	Price($)
7	72180	$3.15

Sellers (Offers)

Price($)	Vol.	No.
$3.17	222212	12

View Market Depth

No.	Vol.	Price($)
2	3070	3.150
4	33469	3.140
6	32664	3.130
4	151078	3.120
2	12503	3.110

Price($)	Vol.	No.
3.170	41012	4
3.180	115512	10
3.190	59750	18
3.200	171979	56
3.210	166631	11

Last trade - 16.10pm 27/09/2024 (20 minute delay)

PLS (ASX) Chart

PLS sector -relevant media updates, page-41

ACCC seeks Olam divestments before it can buy Namoi Cotton

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

PLS sector -relevant media updates, page-41

Top Stories

ACCC seeks Olam divestments before it can buy Namoi Cotton

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News