Why would you choose to spend shareholders money? The only other alternative is to leave the money in the bank earning interest. If shareholders wanted that then they would invest in bank shares.
The money being spent on various items is all dependent on each item coming together. The infill drilling is needed for the upgraded JORC. The upgraded JORC is needed for the DFS. The DFS is needed for the off take agreements. The off take agreements are needed to fund the mine build.
The confidence builder is spending some of the CR on long lead items. This is the one item that is not dependent on the others. This is the one item that tells the market that PLS believe that all the other milestones are in the bag. Hence the market is looking past the current value to a much higher future value.
The other real possibility is a take over which most believe will be hotly contested. That in itself adds more value.
Yesterday's trading points to a consolidation at the 70c level and may be another day or two here and the share price will continue to rise, IMO.
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PLS
pilbara minerals limited
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3.79%
!
$1.51

NPV vs Increasing Market Cap, page-7
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Last
$1.51 |
Change
0.055(3.79%) |
Mkt cap ! $4.746B |
Open | High | Low | Value | Volume |
$1.44 | $1.51 | $1.41 | $28.00M | 19.17M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 112669 | $1.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.51 | 89334 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 118068 | 1.500 |
24 | 403142 | 1.495 |
21 | 207696 | 1.490 |
11 | 358519 | 1.485 |
6 | 370411 | 1.480 |
Price($) | Vol. | No. |
---|---|---|
1.505 | 87901 | 18 |
1.510 | 481773 | 41 |
1.515 | 349205 | 18 |
1.520 | 549594 | 29 |
1.525 | 298435 | 21 |
Last trade - 12.47pm 08/07/2025 (20 minute delay) ? |
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PLS (ASX) Chart |