PLS 1.02% $3.90 pilbara minerals limited

Yes - from yesterday: "Plant run-rates have continued to...

  1. 8,994 Posts.
    lightbulb Created with Sketch. 3807
    Yes - from yesterday:

    "Plant run-rates have continued to increase and have been achieving design capacity input tonnes (of approximately 270 tonnes per hour) over a 24-hour period, through the combined coarse and fines concentrate production circuits. These results demonstrate the effectiveness of Pilbara Minerals thorough test work, engineering, process flow design and equipment selection. Ongoing processing operations will now focus on increasing plant utilisation towards the targeted 85% of available time."

    Utilisation not at 85% yet and recoveries won't be 75% for a while as they still need to tweak that. But that will come after throughput is where it needs to be. Hence only 500tpd rather than 900tpd that is nameplate production.

    There are 105 days left in the year. If they can average 75% utilisation, nameplate throughput and 60% recoveries and 1.20% ore (we had higher grades than that at surface so suggesting that it will be lower than average grade is not necessarily correct but I have rounded down slightly anyway). We would produce 105 x 0.75 x 270 x 24 x 0.6 x (1.20/6.0) = 61.2kt of spod for the rest of the year. And we already have 5kt to ship + I assume a little on site.
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$3.90
Change
-0.040(1.02%)
Mkt cap ! $11.73B
Open High Low Value Volume
$3.98 $3.99 $3.89 $58.41M 14.91M

Buyers (Bids)

No. Vol. Price($)
7 49303 $3.90
 

Sellers (Offers)

Price($) Vol. No.
$3.91 30650 5
View Market Depth
Last trade - 16.10pm 27/05/2024 (20 minute delay) ?
Last
$3.90
  Change
-0.040 ( 0.79 %)
Open High Low Volume
$3.98 $3.98 $3.89 3576968
Last updated 15.59pm 27/05/2024 ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.