Pilbara Minerals Ltd T.PLS

RE:RE:RE:Market Cap

[aggman]

Based on what Herb said on the YE and Q4 call - he's relieved to be out of the stressful 3-year period - that saw them being cash starved - that resulted in selling a property and ultimately taking a loan with a high interest rate (that has been retired).

So, with a touch a deserved humour - He mentioned he (and the enterprise) will enjoy being cash flow positive for a few quarters or a year or so. A small moment in the sun to be enjoyed.

The more serious point he then made - is that he is not going to put the company in tenuous position again; hes going to keep it cashed up and healty and let the business prove itself.

The company does have development opportunities - I think in ports and in reserves - but he's going to manage those growth opportunities prudently.  Some investors were bullish and encouraging him to respond to next growth steps.

If they get to a 6-8M ton per year shipping/sales rate - they will need to demonstarte a minimal 40 year reserve life. Beyond Orca the the Eagle Rock quarry becomes important.  As does more permitting around Orca.

There was discussion about LNG and Price Rupert on the call.  Maybe Highbank get established commercially and that is a logical use of PLS's cash.  HBK looks like a development project that was designed to get acquired.  I am sure principal investors feel that way.

In the meantime - a strong PLS, growing customer accounts, outlets and pricing ...and FCF is what we want to see quqrter over quarter over quarter.   

Execution.