PLS 3.17% $3.05 pilbara minerals limited

Good News & Bad News, page-28652

  1. 638 Posts.
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    Posters seem to be missing one important issue in discussing current mine-life and the need/opportunity to increase Li resource. The company has invested significantly in drilling out Pilgangoora over the past twelve months or so with multiple rigs engaged. At some point the reserves will be updated and cannot imagine that they would have spent so much over such a period if there was not going to be a significant increase in reserves. The cost of organic growth will be far cheaper than new project acquisition, something that our very prudent board would no doubt have have top of mind.
 
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