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

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Post by seatleslimon Aug 10, 2017 7:03pm

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Post# 26568668

Cash gross margin

$2.42 million in volume-light quarter. Volume will be 50% higher this quarter. Should grab attention. The stock is absurdly cheap, especially given the duration/quality of the resource and low-risk balance sheet. FAST, olympics a mine closure here and there yet to come. A 10% price increase = 70~80% in cash margin. I believe we're going to get a delightful education on the beauties of operating leverage.

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