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Pilbara Minerals Ord Shs PILBF

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

Post by Goodtoreadthis1on Sep 15, 2023 11:14am
135 Views
Post# 35638292

Pilbf Largest dividend payor in LI industry

Pilbf Largest dividend payor in LI industryIt took almost an entire year for the Wall St analyst community to recognize PILBF as a dividend payor. TDAmeritrade labels the Pilbara dividend as an 8% rate while Fidelity labels it as a 5.6% return. In either instance it seems to me that PILBF is the most generous dividend payor in the LI industry.

Since PILBF is advancing rapidly on a 60% then a !00% increase in it's LI production over the next several years , and since PILBF has published a dividend payment policy related to profit, the income payout of PILBF makes it quite unique as an investment in the LI business. 

Hard to belive how healthy PILBF has become. Latest report showed PILBF holding $3.6 Bill Aussie dollars in cash. 
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