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$2.91 pilbara minerals limited

Pilbara charging up to be a cash machine, by Barry FitzGerald, page-4

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bobadah

10,443 Posts.

1157

18/08/17

15:36

Post #: 26594913
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Originally posted by squidd ↑

As far as what sort of market capitalisation Stage 1 may be able to support, the important part of the article is below;

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Pilgangoora is now only nine months away from first cash flow and it will land its spodumene concentrate in China – the centre of the world for lithium-ion batteries – for a projected $US208 a tonne, after some handy tantalum credits.

That compares to the $US850-$US900 a tonne it would be receiving today for the material. So it is not far off looking at roughly $US600 a tonne cash margins over 350,000 tonnes of annual spodumene concentrate tonnes in stage one of Pilgangoora.

“Let me tell you, that’s a big number,’’ Brinsden quipped. For a company with a current market capitalisation of $580m, the implied $US210m annual cash margin is indeed a big number.

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Apply your own PE to those numbers.

Cheers!

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"Brinsden quipped. For a company with a current market capitalisation of $580m, the implied $US210m annual cash margin is indeed a big number."

I just thought this quote was worth repeating!!!

PLS Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
27 Upvote

0 Great analysis

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