Hi Jogo,
Thanks for your thoughts and getting back to me.
Agree PE is just 1 measure to assess prospects of a company. Analyst using PLS stage 1 numbers.
Below is 2018 FY PE's for a few lithium miners;
ALB - 17.5
FMC - 14.08
Tianqi - 20.38 Ganfeng - 21.16
Average - 18.28 I realise, small sample, but some guidence to where we can hope PLS will be sitting once at nameplate on stage 1.
Understand your point on a miner consuming resources. My view, only hand full more Li miners will come on line (unless EV's and storage demand accelerates more rapidly), thus, plenty options to buy deposits from those juniors in order to replenish resources.
PLS Price at posting:
80.5¢ Sentiment: Hold Disclosure: Held
(20min delay)