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 > Article in the Saturday Globe and Mail mentioning Polaris

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Comment by aggmanon Oct 20, 2014 3:31pm

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Post# 23044529

RE:Article in the Saturday Globe and Mail mentioning Polaris

Yes, good catch on the positive effect of the weakening Loon.

Shippers seem to make money - whatever the price of fuel - so not sure if the lower oil cost necessarily maps to lower shipping costs - maybe the Q3 call may shine some light on that.

A pity the short article did not make more of the factors that PLS controls in its world - like entry into Port of Long Beach at higher prices and direct sales - where it is going to preserve all of the margin and not sare anything with a marketing partner.

In one word: Powerful.

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