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Pilbara Minerals Ord Shs T.PLS


Primary Symbol: PILBF

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.


OTCPK:PILBF - Post by User

Comment by seatleslimon Nov 01, 2015 8:53am
72 Views
Post# 24247949

RE:Intrinsic Value of Reserves - someone asked.

RE:Intrinsic Value of Reserves - someone asked.Aggman, great post -- the heart of the matter. I am very clumsy at operating this format, but took the liberty of trying to elaborating on you point by cut/pasting some remarks by the MLM CEO back in the middle of the recession. I was not able to figure out how to post link -- sorry for volume. Much lower in PLS and we are stupid cheap if no there already. It would be another story -- or at least an element of uncertainty were there a debt maturity or we were hemorrhaging cash. You cannot find anyone in the industry in northern ca who doesn't confirm that Orca is the best material period. We simply need a few dollars od px increases for it to spew cash where as it is only trickling now. This is not an typical Venture exchange prospective story -- honestly think the materials stocks; things like HBK, etc, have hurt this.
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