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.

OTCPK:PILBF - Post by User

Pilbara Minerals Ord Shs > Sales

<< Previous

Bullboard Posts

Next >>

Comment by teachon Mar 02, 2016 8:14am

158 Views

Post# 24611864

RE:Sales

amgn68,

The sales drop is not a surprise. We've known about that for months. That's why the share price is $1.50 instead of $2.50.

At this point, they are not willing to raise their sales forecast for 2016 but they probably will at some point; that's what we expect anyway. The question is how much of a rise? 250K-500K is probably expected. 1 million would be truly amazing but I think that possibility is a dream for 2016.

Perhaps the new ceiling in San Francisco is 3 million and all the growth needs to come from LA. Let's hope LA wins the 2024 Summer Olympics.

A bird in the hand is worth two in the bush. Sell this puppy now!

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale