PLS 1.00% $2.98 pilbara minerals limited

Pretty horrid updated production forecast. 340k - 380k. I think...

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  1. 861 Posts.
    lightbulb Created with Sketch. 631
    Pretty horrid updated production forecast.

    340k - 380k. I think 360k is what the Pilgan plant can do theoretically by itself (pre improvement project).

    Not expecting much in the way of BMX sales for the remainder of the FY. I was actually the one at the quarterly who asked if there would be a BMX sale this quarter, which Ken answered there would be. Wouldn't be surprised if that didn't come to fruition based on above forecast production.

    Won't be sharing my updated P/E ratio based off my predicted sales (assumed low of 320k) - but it's pretty bleak (ie. share price has a 1 in front of it).

    The good news is it can only well and truly be up from this point forward given WA border reopening in a couple weeks.

    LTH's just gotta be patient. Whilst traders will have a field day.
 
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