Pilgangoora is 100% owned by PLS. PLS has agreed an equity...

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RBradley1980

736 Posts.

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03/01/19

18:40

Post #: 37017215
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Originally posted by Battleship ↑

Originally posted by RBradley1980
Er...Mt Cattlin 9.9 million tonnes grading 1.04%.

Er...James Bay 40 million tonnes grading 1.4%.

Er...Pilgangoora 226 million tonnes grading 1.2%

PLS already has about five times the hardrock lithium of GXY. Mt Cattlin is almost spent and what are GXY replacing it with? Er...brines.
A good point,

but you have overlooked the fact how many times PLS have divided their company/project to Ganfeng, Great Wall and POSCO, ultimately leading to dilution of shareholder returns.

At the moment all GXY assets are 100% owned.

Someone wold have to do the calculations to see how much money is lost by giving other companies position in a project or the company itself.

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Pilgangoora is 100% owned by PLS. PLS has agreed an equity placement to Ganfeng of 50M in addition to a previous issue to POSCO for 80M. This comprises the remaining equity funding needed to get to Stage 2 the remaining funds are offtake prepayments and corporate bonds. Stage 2 will bring PLS capacity to 5Mtpa.

I am happy to invest alongside major resource buyers like POSCO and Ganfeng in one of the largest lithium deposits even if EV demand is still more hype than substance.

Last edited by RBradley1980: 03/01/19

GXY Price at posting: $2.22 Sentiment: Hold Disclosure: Held
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0 Great analysis

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Pilgangoora is 100% owned by PLS. PLS has agreed an equity...

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