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 > Selling appears exhausted!

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Comment by seatleslimon Nov 27, 2015 11:32am

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Post# 24331645

RE:Selling appears exhausted!

We will only know in the rear view mirror, but much lower would border on absurd relative to what the asset is worth even in a fire sale. It's trading like there is an unaddressed debt maturity (when in fact net working capital is over 15% of the market value and there is no debt); or collapse in aggregate pricing (when in fact it is increasing steadily and demand and competition is all within a 45-mile radius; i.e., not China). It also trades like costs are in USD and revenue is in CAD (when in fact the opposite is true).

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload