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 > Forecasting; let's box winter up. best years ahead.

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Comment by amgn68on Apr 14, 2016 9:20am

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Post# 24765615

RE:RE:Forecasting; let's box winter up. best years ahead.

I have said over and over again they need to sell this asset. You are 100% right in my mind that once the cycle ends these guys will be crushed. Sales have tanked the last 2 years. I don't believe they are giving us the whole story on why. I am missing something.

Down again y over y 23%. Wow. Because of rain? Where did all their sales go? What happened when Herb was talking 6 million tons? I don't think these guys have any clue. I am surprised the stock is still trading here and not lower.

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