PLS 3.83% $2.98 pilbara minerals limited

Day to day discussions on S/P, page-9629

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    I just pulled some key numbers from the GXY qrtly;
    - March Qtr cost US$ 453 dmt at 51% Recovery (grade shipped 5.6%)
    - March month cost US$415 dmt at 54% Recovery (grade shipped 5.75%)
    - Targeted Recovery 70%
    GXY has a long way to go, and while the report mentions "continuous improvement" it does not refer to any specific fixes/process modifications.

    PLS on the other hand was around 50% Recovery (qrtly average) at the end of March and this was prior to the 2 fixes the have been implemented.
    I'm hoping for an immediate lift from these fixes to 60% which is supported by our Jan/Feb performance.
    We also have the equipment mods to be implemented and which according to KB will get us to 75% by December.
    Our DFS target is 75%.
    Our grade has been consistently >6%
    We have Ta credits to offset production costs.
    KB is saying that we will achieve US$300 dmt less Ta credits by December 2019.
    Overall I'm feeling very confident in the Recovery/Grade/Cost outlook and I bet the potential "Partners"
    will feel the same way!
 
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