PLS 1.04% $2.85 pilbara minerals limited

Ann: Quarterly Activities Report, page-7

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  1. 315 Posts.
    lightbulb Created with Sketch. 16
    I give the quarterly a B.

    Not great but not horrific. Considering what's going on in the world we are doing pretty well really.

    I like : refinancing, 17m in sales for the quarter. Grade issues resolved, tantalite sales.
    I dislike: cash burn, tonnage par at best (hard to change macro demand)

    Looking forward to 2021/2022 assuming lithium prices rebound, full output and lower costs/tonne we are easily looking at 160m/yr profit baseline with plenty of upside (stage 1 only)

    Gltah

 
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$2.85
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