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 > Consider Paying Dividends?

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Comment by miningfundion Aug 21, 2017 3:35pm

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Post# 26604540

RE:RE:Consider Paying Dividends?

My priorities for PLS cash and cash flow would be as follows:

1. "Polish the asset". PLS is not a mature company, so do not inhibit growth. But is does have cash of at least US$12 million and no debt (ignoring financial leases and US tax liability). Long Beach's capex was only about US$6 million and its start-up was probably cash neutral to positive.

2. Although not conventional, introduce a dividend policy, starting low and sustainable but increasing with growth. This may get the attention of analysts, and retail and institutions may tag along.

3. A buy-back of undervalued shares would make sense.

4. No acquisitions,

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