http://beerandco.com.au/wp-content/uploads/2015/04/PilbaraMinerals_2015April07.pdf
Some good and bad in here. First up, the bad - Looks like the delay is going to be at least another month, and up to 7 weeks. It's expected in May due to a redesign of the Tailings Dam which meant the application needed resubmission.
The good is that having Pilg upgraded has added quite a bit of value to the company with still significant upside. Beer & Co valuation is now up at 17.3c - almost 4.5x higher than current price.
In short - although the works permit is disappointing (very) I only see good things to come here. The works permit is probably a blessing in disguise. How else can you possibly pick up something with such upside potential at such a discount to its potential value? I'd expect this news to flush out a couple more short term traders.....but the patient among us are going to be rewarded in a month or two (and hopefully we might get some further positive drill results in the meantime which further increases the upside)
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http://beerandco.com.au/wp-content/uploads/2015/04/PilbaraMineral...
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51 | 745923 | 2.780 |
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58 | 160622 | 2.750 |
Price($) | Vol. | No. |
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