PLS 4.53% $3.16 pilbara minerals limited

Death Spiral, page-96

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    http://www.pilbaraminerals.com.au/site/PDF/2369_0/PilbaraDeclaresCommercialProduction

    Seven shipments completed totalling 95,270 wet metric tonnes (wmt) at 6.03% Li2O in FY19.

    So with PLS shipments with 10-14% water content then theoretically $520/dmt equates into $450 to $470/wmt.

    Hence the SP has been getting hammered recently. The one consolation is that PLS holders will not be alone. All the others will get smashed down as well in the not too distant future! Buckle up boys and girls this is going to be a rough ride!
 
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