RE:RE:RE:Updated target price & Tesla Off take AgreementIn my computations I expect that PE will reach a market value of $600m. At least I expect their PEA to show a figure in that ball park. With the current number of outstanding shares this would give a SP of $5.
However, they will need funding for the Lithium extraction plant and they model with Bateman will most likely involve some kind of revenue sharing. And these are the two big unkown factors in how much of the $600m will contribute to the SP of PE.
In an extremely pessimistic scenario one could say only 50% of that which would put the SP at around $2.5. However, more likely this will be in the range of 10-20%.
So in my excel sheet I have a targer SP of $4 on which my investment is based. But it will take a while until we get there.....