The Bureau of Historic Losses · Counterfactual Division
What if you'd bought Pilbara Minerals in 2022?
Lithium ran vertical and Pilbara Minerals became one of the most-traded stocks on the ASX, a retail-trader favourite minting paper fortunes. The boom that followed was matched only by the bust that came after.
$100 on 2022-01-03, worth today
A$196
As of 2026-06-12, $100 of Pilbara Minerals bought at 2022's open (A$3.33) is worth A$196 — 1.96×.
total return · dividends reinvested · AUD
How much would $100 of Pilbara Minerals bought in 2022 be worth today?
| You'd have put in | You'd have now | Multiple |
|---|---|---|
| A$100 | A$196 | 1.96× |
| A$1,000 | A$1,959 | 1.96× |
| A$10,000 | A$19,595 | 1.96× |
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 2022?
Opened
A$3.33
2022-01-03
Peaked
A$5.20
2022-11-08
Bottomed
A$1.93
2022-06-20
Closed
A$3.54
2022-12-29
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$23,200 deployed as $100 a week from 2022-01-03, under four temperaments — same money, different nerves.
| All in on day one | A$45,460 |
| Steady weekly buys | A$50,339 |
| Sold dips, rebought rallies | A$40,921 |
| Traded it perfectly | A$144,804 |
“Traded it perfectly” requires knowing the future. Nobody knew the future.
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