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 miningfundion Apr 14, 2016 3:16pm

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Post# 24767674

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

Actual sales haven't "tanked" - 2013 through 2015 (excluding the one-time Cemex foul-up) were about 3.4 million. The 2016 forecast is about the same. Q2/2016 is forecast at 1.0 million. It's the upside tonnages (and margins) that seem illusory. The latest presentation still refers to "mid-term" 4, 5, and 6 million ton scenarios, and price increases of up to 20%. Maybe "mid-term" refers to the period when local supplies are nearing depletion - about 10 years away. We need less arm-waving and more precision!

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