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 > Why terminate the deal now

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Comment by seatleslimon Jun 20, 2017 12:55pm

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Post# 26383145

RE:RE:RE:RE:RE:RE:Why terminate the deal now

The "longer game" assumes CEMEX needs the resource and has few practical alternatives at Pier 92 and Redwood City. I could be wrong, but I haven't heard a case that makes sense. Yes, patience required. Martineau, like most of the rest of the directors own less stock than they collect in annual directors fees. Honestly, don't think anyone is paying attention to his ideas, but agree at a sub $200M valuation USCR would be a competitor for these assets. I agree its a possibility and at some point far gone conclusion. Would be a disappointing outcome if priced on todays margins and volumes.

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