Pilbara Minerals have given a strong indication of where they believe lithium and their company are heading.
From todays West Business:
PILBARA IN MASSIVE GROWTH TILT
Pilbara minerals is readying to spend more than $1.2 billion doubling production at its flagship Pilgangoora project and so does the Federal Government already having revealed they will tip in $400 million.
The boss Mr. Henderson saying:
"It gives what we think is a strong indicator to market around how they see Pilbara & the project"
"As we have done in the past, the timing of the final investment decision will be considered in conjunction with prevailing market conditions and only proceed when it makes sense to do so."
Core Lithium like many companies are in this recess as we wait for this infant industry as a whole to align production, supply, costs & price.
Spot on with yesterdays SP activity in that it was rebalancing.
New financial year will bring out a refreshed company in management, balance sheet and in all operational matters.
My opinion.
GLAH
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