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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

Post by Beetle21on Mar 07, 2014 7:49pm
162 Views
Post# 22297077

A Great Q4 for 2013

A Great Q4 for 2013
It was a great Quarter, first one to turn a profit. I thought the share price would have gone up much more than it did. In the larger picture it was the year end report for 2013, and even with the good Q4 it still reported a loss for the year. But it was full of good news for the company going forward. As others have stated all their customers expect to increase their orders by 20%, may be more. The falling Canadian dollar is better for exports, and they are debt free now. They are still increasing the price of the aggregates. It was also nice to hear the list of projects PLS aggregates have been chosen for and being recognized for their quality. The analysts on the call sounded like they were pleased with the future prospects for PLS.
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