The Bureau of Historic Losses · Counterfactual Division
What if you'd bought Pilbara Minerals in 2021?
The lithium price awoke and PLS roared back from years in the wilderness, the stock multiplying as battery-metal mania gripped the ASX. The year 'spodumene' entered the vocabulary of ordinary Australian investors.
$100 on 2021-01-03, worth today
A$797
As of 2026-06-12, $100 of Pilbara Minerals bought at 2021's open (A$0.818) is worth A$797 — 7.97×.
total return · dividends reinvested · AUD
How much would $100 of Pilbara Minerals bought in 2021 be worth today?
| You'd have put in | You'd have now | Multiple |
|---|---|---|
| A$100 | A$797 | 7.97× |
| A$1,000 | A$7,974 | 7.97× |
| A$10,000 | A$79,736 | 7.97× |
Lump sum on the year's first trading day, total return (dividends reinvested, splits adjusted), valued at the latest close. Past performance isn't a promise — it's a taunt.
What did Pilbara Minerals do in 2021?
Opened
A$0.818
2021-01-03
Peaked
A$3.05
2021-12-29
Bottomed
A$0.818
2021-01-03
Closed
A$3.02
2021-12-30
Levels are dividend-adjusted, so historical figures look lower than the headline price of the day — that's the total-return lens, and it's the honest one.
Would steady buying have beaten going all in?
A$28,500 deployed as $100 a week from 2021-01-03, under four temperaments — same money, different nerves.
| All in on day one | A$227,247 |
| Steady weekly buys | A$74,880 |
| Sold dips, rebought rallies | A$56,803 |
| Traded it perfectly | A$261,153 |
“Traded it perfectly” requires knowing the future. Nobody knew the future.
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