Some numbers for thought, happy to be corrected, with any numbers not right,
KDR have approx 3,505 kt LCE resources (as they own 50% of their resource with SQM), PLS have approx 7,098 kt LCE resources, 100% owned.
PLS have a stage 1 Mine already built and ramping up, currently now about 87% through rampup of design with only another 13% to improve shortly.
PLS has 100% offtakes for stage 1, 100% future stage 2 expansion and part of stage 3 already, with quality offtake partners.
The WES initial offer at $1.90 per share for KDR would value KDR at approx 769 Million for their 3,505 kt LCE => PLS value based on resources alone = 1,557 Million, adding approx $150 Million for the stage 1 mine built = 1,707 Million.
Valuing PLS at approx 40% higher than PLS is today, just based on the resource size, mine status and WES initial offer for KDR.
When a PLS offer comes in, PLS share price has a potential to quickly jump, just like KDR today.
Today has been a big wakeup call to all how undervalued the Aus Li resource companies are valued currently.
Both PLS and KDR have great futures, this is just the beginning.
All IMO DYOR
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Last
$2.73 |
Change
-0.120(4.21%) |
Mkt cap ! $8.189B |
Open | High | Low | Value | Volume |
$2.80 | $2.80 | $2.66 | $68.69M | 25.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 244153 | $2.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.74 | 414828 | 43 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
48 | 174694 | 2.730 |
37 | 312783 | 2.720 |
21 | 417912 | 2.710 |
47 | 285069 | 2.700 |
29 | 201360 | 2.690 |
Price($) | Vol. | No. |
---|---|---|
2.740 | 405803 | 38 |
2.750 | 356048 | 54 |
2.760 | 245150 | 23 |
2.770 | 186914 | 23 |
2.780 | 332988 | 13 |
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