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 > Q2 broke even

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Comment by FrozenInOntarioon Aug 09, 2016 8:18pm

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Post# 25124610

RE:Q2 broke even

No idea what the market will do.

A bit disappoiinting. Gross margin is down versus last year despite much higher volume. I would have expeced an increase. Seems they cannot flex their muscle with their clients. Problematic when you supply big boys with a lot more ressources. And you cannot sell to anybody else,

SGA is down because of stock comp. Gee, at least having a cheap stock going down has some advantage.

Black bear report is a few months away, brings back memory of PLB...

Anyway, not impressive.

Regards,

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