Pilbara Minerals Ord Shs T.PLS

RE:RE:RE:Conference call Questions

[PLSMaterials]

Hi Larry / teach,

Thanks for your question!  Unfortunately, it's one that I can't answer as we, like many of our peers, don't provide earnings guidance.  

I would note the following statement from our Q1 2017 MD&A, on page 8: 

"...we continue to believe that focusing on our margins and EBITDA is the best way to evaluate our financial performance."

We do discuss our expectations for sales volumes and directional expectations for margins.  Our latest disclosure on these items can be found in our July 13 press release here: https://www.polarismaterials.com/news/release?id=1159.

From the release: "We are pleased to announce that we now expect full year sales volumes to be 3.0 to 3.2 million tons, a 0-5% increase from 2016. The increase is primarily driven by improved market share in San Francisco, following the suspension of activities at a local aggregate production facility, as well as increased domestic barge sales at the quarry. Volumes are increasing in San Francisco as our largest Bay Area customer has recently won several significant new contracts. Improvements in San Francisco and BC are offset by the modest reduction to the original Long Beach Terminal sales expectation for 2017, due to the above-mentioned delay to the Silver Lake project. While our second half is usually stronger than our first half, this effect will be punctuated in 2017, with 13-14 ships committed for delivery in Q3 and a further 10-12 ships scheduled (pending commitment) for Q4."