PLS 2.36% $3.03 pilbara minerals limited

Buy now or wait for further correction?, page-93

  1. 9,229 Posts.
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    Personally, I favour Pfs thoughts about us hitting $1.50 by Spring sometime and that is assuming no-one tries to do a T/O. So that is a doubling in a quarter. We have a lot more drill results to go, then a new resource size and then the DFS and potentially a BOA or 2, so lots of good news flow in the next couple of months.

    Then there is the fact of the Canaccord figures showing a huge demand for lithium batteries way above others expectations by 2019 as they are being realistic, will get understood by more people and the price of lithium products is likely to go up by Spring as well, so another potential boost to price right there.

    We have no substantial holders either, which is really strange for holding a resource of this size and value, but I also expect that to change by Spring.

    I can see us hitting $3 by the time we are mining, then higher again as cashflow starts pouring in and management considers expansion, or cost lowering solar and batteries or both, then some large dividends after that, again boosting the share price.
 
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$3.03
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23 159683 $3.02
 

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