PLS 0.66% $3.00 pilbara minerals limited

Magnesium? PLS has made no mention of high magnesium in any...

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    Magnesium? PLS has made no mention of high magnesium in any announcement. Where was this gleaned from, a twitter post?

    PLS ‘s account that high Fe is attributable to ball milling operations is dubious to say the least when they already had magnetic separators in place.

    In a WA government report PLS declare “iron staining” in export SC6 along with introduced iron. And in ASX announcements PLS has not made any comments on “iron staining”. This has been discussed here before but PLS and shareholders refuse to acknowledge, perhaps because it’s a breach in reporting standards to the market whereas the Government it would not be material. The statistical sampling of 20% of zonations was collected for calculating Fe values in the zonations actually requires more transparency to be taken seriously, for example, by publishing the formula for how Fe is calculated taking into consideration the complexity of the contact zones of the pegmatite veins. Greenbushes published its mathematical formula for Fe in regards to Tech grade SC.

    The problem with shareholders here is that they were given enough warning back in August 2018, and I don’t recall you wombat2 lifting a finger on questioning PLS high iron levels. It didn’t pass the sniff test when all they could reproduce on an asx announcement declaring SC6 on track was a tiny sample from General Lithium but obscure the certificate from Ganfeng, you’d think they’d make space wouldn’t you?

    Anyone who takes PLS JORC tables on Fe seriously would need to ask how it can be so eccentric to its neighbour AJM as a starter and note how they did not stare Fe% as a factored or raw statistic.

    Why, even learned posters here thought the 1.8% was a mistake or that it referred to some atomic weight and was closer to 1.3 after deep analysis of signification, but no.

    The truth is likely PLS cut too many corners eager to get to market, and one of the short cuts was measuring the nature of the zonations. Can’t be easy with all those thin veined zonations?✅

 
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