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$2.85 pilbara minerals limited

If you don't like bubbles, don't go near. Just stay near dingo's...

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sergsadag

809 Posts.

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14/05/16

17:46

Post #: 17767902
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Originally posted by mustpow ↑

Now run the numbers at $200/tonne. It dies.

As I have reminded the newcomers to specialty metals before; this is just like the bubbles in Tantalum, Tungsten, Vanadium. All relatively opaque and trader-driven minor metals.

There is already over-capacity in primary lithium. It is being held back to draw in the suckers. If any of the major primary sources runs at full capacity, there will be acute oversupply almost overnight.

The entire lithium industry laid end tot end from mine to chemicals is only turning over a few billion bucks. That a hard-rock exploration company that isn't even in production should be valued at nearly a billion is an absurd proposition. If you have made your money, well done.

The characteristics of the market for this commodity will become apparent sooner or later for those who believe any primary producer of minor metals is a billion dollar value.

Post up all the pics of electric vehicles you can. PLS and its stable mates are not even making lithium chemicals and will be hapless price-takers when they are most vulnerable (right after they have borrowed and over-extended themselves on fanciful hardrock projects).

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If you don't like bubbles, don't go near. Just stay near dingo's den.

Last edited by sergsadag: 14/05/16

PLS Price at posting: 80.0¢ Sentiment: Buy Disclosure: Held
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Last $2.85		Change -0.150(5.00%)		Mkt cap ! $8.582B

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2	46000	$2.85

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Price($)	Vol.	No.
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2	46000	2.850
4	80756	2.840
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25	323374	2.810

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2.860	87329	10
2.870	294698	10
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2.890	200535	4
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