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

Bullboard Posts

Comment by wolf411on Jun 18, 2009 11:02pm

634 Views

Post# 16083012

RE: Just curious regarding recent drop in SP

"Does anyone here have any insight as to what has created the recent softness in SP?..."

I haven't seen any news that could account for it... So I suspect it's just a combination of a couple of things... The general downturn in the market... And some profit taking after the recent 100% runup...

And perhaps the expected infrastructure projects aren't happening as quickly as some people expected.

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