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.

OTCPK:PILBF - Post by User

Pilbara Minerals Ord Shs > Shut the lights off and close the door

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Comment by seatleslimon Aug 28, 2017 7:51am

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Post# 26627142

RE:RE:Shut the lights off and close the door

It's a good price for in place volumes, but cheap based on strategic position of the asset. Hard to know if Hanson emerges if they think vmc will trump any bid anyway.

I think the pls people are good guys but weary of answering to the sort of hands wringing that goes on here. If the asset or large percentage of shares were in the hands of some sort of industrialist black bear would have been developed and the thing would have been priced off of a proforma ebitda of 45mm.

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