just did a bit of back of an envelope calculation on how long before PLS gets into trouble ie starts making a lose
I reckon PLS's cost of production, if you include sustainable cap ex is about US$600
at moment the lithium price is about $921 and seems to be falling at about 12% ($1050 to $921) and at that rate the lithium price will be at about $600 in about 3.35 months
Now let's look at PLS and how it is responding to the falling lithium price
It's share price seems to be falling at about 8% ($3.08 to $2.83) at the moment.
I estimate then that in 3.35 months the share price will be $2.14 by the time we get to breakeven.
After that I think it'll trade around book value
cash alone is about $0.53
ie $1,600m/3,000m = $0.53
plus mine resource and plant and equipment
I wonder what that would be?
just did a bit of back of an envelope calculation on how long...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.79 |
Change
-0.130(4.45%) |
Mkt cap ! $8.398B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.92 | $2.79 | $56.11M | 19.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 231594 | $2.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.80 | 28889 | 3 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |