PLS sector -relevant media updates, page-43

The IGO payment is for a minority interest in Greenbushes. They are buying 49% of a Company that owns a 51% interest in Talisons, the Greenbushes Holding Company.

Not only that but its through a desperation sale. Tianqi need the funds to refinance.

After all this, Tianqi retain a controlling interest in Talisons. That controlling interest would command a considerable premium to the payment IGO are currently making. Therefore, I feel your A$6b Greenbushes price tag for 100% could be upped somewhat.


@Sjlasx supports that the stand alone PLS Pilgangoora resource is worth more than Wodgina. We can then up that by 33% for the ALO acquisition.

PLS would have a CapEx spend of at least A$500m to increase production from the present combined 550ktpa to match Greenbushes 1.34mtpa. If Greenbushes eventually do expand to 1.9mtpa, then they'll be limiting their LOM to ~8 years ... perhaps if high prices justify it.


A final valuation for the combined PLS/ALO must then come in at between A$4b and A$6b, or in share price terms, A$1.30 to A$2.00.


LIT ETF up 2.62% powering to new ATHs everyday.

ALB up 2.82% ditto plus another 0.38% in afterhours trade. Howard Klein was talking $200 on Twitter. Not sure who he got that from.

SQM up 1.42%.

Livent up 9.22% and another 1.8% in afterhours trade.


The whole Lithium sector is powering.