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 > Market Cap

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Post by BigJoon Apr 07, 2014 1:49pm

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Post# 22420935

Market Cap

Trying to calculate a market cap. from projected production and revenues is a challenge!
It all depends how profitable the company is, what the cash flows are, what the balance sheet is like, what future plans are for the cash which the company is generating etc.etc.
A very marginal company with a stressed balance sheet in this industry can trade at less than one times revenue, whereas a highly proftable company with a strong balance sheet and goood growth prospects would trade a much, much higher multiples.
The next several quarters for Polaris will indicate how profitabe the company is going to be as profitability should rise very sharply.

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