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$3.51 pilbara minerals limited

Next stop 54c for PLS

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scottieg

635 Posts.

249

18/12/18

22:33

Post #: 36899435
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Originally posted by Pokerface ↑

Stage 1 will mean around 80,000t of concentrate at a net margin of around $750A/t. That’s net positive cashflow of around $60mA per quarter. Now, of course, you will not get that result this quarter because they are ramping up, but when I was up at the mine a few weeks ago, it looked all systems go to me.

So, if we assume we hit that $60m net cashflow from operations in q2 2019, I think PLS has an enormously strong story to tell. The opportunity is then to expound the virtues and cashflow from Stage 2 which may not be too far away by the end of 2019. You can more than triple that $60mA/ quarter, because my bet is they will be hurtling to 6mtpa and remember the fixed costs don’t change as production increases other than the capex amortisation. It’s going to be very sweet.

Very frustrating at present and I hate wishing time away, but this points to an explosion in value re-assessment in the not too distant future. Wodgina is important, but the real cashflow from this gold plated operation may make that deal look very inexpensive.

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Next stop 54c for PLS

PLS Price at posting: 72.0¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last $3.51		Change -0.140(3.84%)		Mkt cap ! $10.56B

Open	High	Low	Value	Volume
$3.64	$3.64	$3.50	$76.14M	21.49M

Buyers (Bids)

No.	Vol.	Price($)
153	648663	$3.50

Sellers (Offers)

Price($)	Vol.	No.
$3.52	257121	2

View Market Depth

No.	Vol.	Price($)
149	382155	3.500
25	299839	3.490
16	155819	3.480
21	236873	3.470
9	71679	3.460

Price($)	Vol.	No.
3.530	56495	8
3.540	128195	3
3.550	326806	11
3.560	209302	5
3.570	217125	3

Last trade - 16.10pm 11/06/2024 (20 minute delay)


Last $3.52			Change -0.140 ( 4.08 %)
Open	High		Low	Volume
$3.63	$3.64		$3.50	8542798
Last updated 15.59pm 11/06/2024 ?

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