Time for revision from Beer & Co.
certainly market sensitive if the Li2O grades achieved have improved.
already established that the $400/t price used is too low. .....GXY announcement.
http://www.pilbaraminerals.com.au/s...m.au/files/pilbaraminerals03february-2016.pdf
page 8 /9.
" Beer & Co has used $400/t as our revenue,which figure 8 suggests is probably too low,
though this depends in part, on the Li2Ograde achieved by PLS.
Figure 12 shows that each $50/t increase in revenue adds 6.6c/share to Beer & Co valuation
in the 2.0Mt/yr case and 10c /share in the 4.0Mt/yr case.
Beer & Co risked,base case valuation of PLS is now 70c/share."
Assuming that the short term project remains 2 Mt/year and $600/t current market price then an increase of $200/t should revalue PLS at 96.4c.
The Oligopoly member would be considering its options.....JV or Takeover.
ALL IMO please do own research.
Ann: Trading Halt, page-81
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