PLS 0.61% $3.31 pilbara minerals limited

Ann: Pilgangoora Resource Upgrade, page-71

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  1. 517 Posts.
    lightbulb Created with Sketch. 85
    3 years to dividends is my guess. IMO this is a 4 year hold from now to get full value.
    5mtpa by end of 2019 (funded by cash flow and new debt)
    10mtpa by middle of 2020 (funded by cash flow)
    1 year of paying down debt with first div declared early 2021

    A company doesn't have to be debt free to declare a dividend. All companies run some sort of debt to equity ratio. Look at FMG they havent paid off all of their debt but are paying divs now.
 
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