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 lithium carbonate equivalent (LCE) lithium chemical conversion facility in South Korea.

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Pilbara Minerals Ord Shs > Intriguing

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Comment by teachon Oct 05, 2014 10:07am

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Post# 22999826

RE:RE:Intriguing

If you look at a 1 year, 5 year chart of PLS compared to Cemex, Vulcan, Marietta, they all look the same. PLS is more volatile, Maybe the jump to $3.25 was not justified. A lot of small caps are getting slaughtered. Still think they have a good shot at becoming a high quality investment that will probably get bought out in the next 5 years. The business model works in a normal construction market and they are competent operators with a valuable asset that is not easy to replace. I'm 47 years old and I've given myself 3 years to leave this puppy alone and see where it ends up. If I make any money, I"ll waste it on a BMW convertible.

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