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Pilbara Minerals Ord Shs T.PLS


Primary Symbol: PILBF

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

Comment by teachon Aug 20, 2016 10:02am
175 Views
Post# 25160906

RE:What to do

RE:What to doIt's so obvious they need to sell this company.  They are too small to market and distribute their products to generate an above average return on investment.

I remember in the 90's, there was a company called Global Stone that fed aggregates into the GTA and traded on the TSX.  It got bought out, probably for cheap, right before the boom started here.

PLS is worth significantly more than the current share price to a bigger company that has the sales, marketing and distribution power to earn a excellent return on the superb product that PLS has.   

We need some private equity investors to agitate the board to sell, sell, sell.  


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