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 > Polaris announces 2014 third quarter financial results

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Comment by seatleslimon Nov 08, 2014 11:14am

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Post# 23109817

RE:RE:Polaris announces 2014 third quarter financial results

Just to clarify, the main difference between q2 and q3, below the gross profit line, was non-cash stock compensations expense. 866k in q2 vs. 157k in q2. They also paid 300k property taxes in q3 vs none in q2 and small unrealized foreign exchange loss vs small gain in q2 (yet a 500k swing, though net/net meaningless). When they are hovering at operational breakeven the profitability measures bounce. When they are finally making $5-$6/ton, a 300k property tax bill or non-cash stock comp won't move the needle.

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