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 > The best yet to come - Port Alberni

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Comment by seatleslimon Sep 25, 2017 10:03am

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Post# 26737201

RE:The best yet to come - Port Alberni

It's not going to 12, which would be more that a 1b valuation, because of the dilution over the years. But if cemex USA is the other bidder I believe this is going higher. At the current valuation the buyer is paying a high multiple on froward 12 mos ebitda, and rightfully so given the markets at stake and competitive situation. The price doesn't seem to impute much for the enormous reserves - especially if black bears inferred resource is real.

Any buyer is is pricing in usd. I think 4 usd it top of what is achievable - 3.5 maybe realistic. Doesn't seem like there is much risk in letting it play out.

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