Pilbara Minerals Ord Shs T.PLS

RE:Martin Marietta Materials is up 13% today!

[seatleslim]

I don't at what price PLS should trade, but it had done nothing (it's actually down) it down 20% in US dollars. Yes it trades mostly in CAD, but it's revenues are almost 100% US and I'm guessing 20% of exp are in CAD. Meanwhile you have a stock like MLM (multi billion market cap) up 30% in two days, based on guidance -- not the guidance for the next quarter or two, but a very long visible recovery along side of operational gearing in these businesses. I more confident in 4-5/share based on a 5 mm tone volume and $5-6 gross margin as well as aggmans 8-9 target (I'm guessing he is using 8-9 tons further out with similar margin, than where this sell today -- but given those reasonable outcomes based on what just about everyone in this business is saying, the stock seems cheap again. You also have the question about what another company would pay for PLS, once the local supply issue becomes acute and Eagle Rock becomes a viable development.