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Pilbara Minerals Ord Shs T.PLS


Primary Symbol: PILBF

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.


OTCPK:PILBF - Post by User

Comment by seatleslimon Dec 01, 2014 7:38pm
180 Views
Post# 23183544

RE:Anyone know what's up?

RE:Anyone know what's up?Nothing. Spill over from oil-induced carnage on TSX. PLS is selling building materials for projects in Bay Area and LA, both approaching aggregate constrained status. Aggregate pricing simply is not exposed to the price fluctuations of oil, copper, etc. Totally different animal. They have treated it like a Canadian E&P company for the past month or so. Volumes should be up 25% in 2015 with better price increases than 2014. I don't believe the asset can be replaced at mkt cap (today's close) less their working capital. Cash, no debt, positive 2015 cash flow (and beyond), long-life (interminable for all intents and purposes )reserves. Aggregates serve local markets. Theirs are constrained.
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