Pilbara Minerals Ord Shs T.PLS

Primary Symbol: PILBF

Metals & Mining Industrial Metals & Minerals

Pilbara Minerals Limited is an Australia-based lithium company. The Company is primarily engaged in the exploration, development, and mining of minerals in Australia. Its 100% owned Pilgangoora hard-rock lithium operation is located approximately 120 kilometers (kms) from Port Hedland in Western Australia’s resource-rich Pilbara region. The operation consists of two processing plants: the Pilgan Plant, located on the northern side of the Pilgangoora area and produces spodumene and tantalite concentrates, and the Ngungaju Plant is located to the south produces spodumene concentrate. It owns 70% of the Mt Francisco project, which is located 50 km south-west of the Pilgangoora Project and hosts the large occurrence of outcropping pegmatites located nearby to Port Hedland. It is also pursuing a proposed downstream joint venture (JV) for the development of an approximately 43,000 tons per annum (tpa) lithium carbonate equivalent (LCE) lithium chemical conversion facility in South Korea.

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Pilbara Minerals Ord Shs > Could this be why we are trading down from the high of $3.20

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Comment by aggmanon Jun 09, 2014 7:33pm

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Post# 22643927

RE:Could this be why we are trading down from the high of $3.20

Initial thoughts:

1. A strong vote of confidence for institutions to be buying in at $2.57 ( a modest 11% discount).
2. Capital to be used to develop limestone reserves. Limestone will have a higher ASP.
3. Will only strengthen marektability to customers in SFO-Bay and Port of Long Beach.
4. All I see here is a growing business: increasing volume, higher prices, now a new product, and leveraging PLS's existing infrastructure.

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