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$2.89 pilbara minerals limited

Pilbara Minerals, page-33

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270 Posts.

11/04/16

22:23

Post #: 17477146
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Originally posted by Pokerface ↑

As a LT holder (large) my view is now this, in terms of value: (Pretty much along the lines that Number 61 posted succinctly earlier today.)

A 3mtpa plant at current concentrate prices should deliver $250m net cash per annum. The PFS says $120m based on a 2mtpa plant, but their numbers are seriously conservative, eg using $450/t when we know it is currently $600 and rising. Plus there are other conservative numbers in the PFS

Factor in this incredible rising demand for lithium and I just wonder whether $600/t in 12 months times will become $1200US/t. Lithium is a small cost component of the battery apparently so lots of room to move there.

I have a firm belief that in time they will prove up a 200mt resource. This is based on many many conversations and careful listening.

So, we have a very long mine life.

If you look at 40 years potentially (maybe a lot more) and that sort of cashflow, it has to be worth $2b easy, and that is using a lot of discounting

Factor in the supply/demand situation the the lithium/energy revolution and I am starting to think along those lines of #61 - ie $2 to $5

Now, importantly, I think this 15000m drilling campaign (which I fully expect will end up at more like 20000m) is going to put a rocket under this share price, in conjunction with the Insto buying. I think the 38c SPP will be seriously scaled back. If there are now 6000 shareholders and they are looking at $15m from the SPP, that's only $2500/shareholder. Let's say 20% don't go for it (why?), that would mean say $3125 per holder. The really small holders will be pleased.

Happy days.

When a share price doubles relatively quickly, the obvious thought is to say well it's done very well, and perhaps I should take profit and sell. Had I followed that philosophy and ignored the FA, I would not be sitting here with 25m shares. Brave some will say. I just believed in the numbers and knew they had to start pushing things along eventually. To me this is seriously cheap right now.

GLTA

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Hi I asked you in another post about price expectations before reading this post .... $2-$5 so thanks
25mill shares wow.. a good friend of mine holds about 2 mill shares and i thought he was on a good ride from 4-5 c

I hold 250,000 and am excited with my increase and would be very happy with your price expectations.
Also interesting to read your thoughts on allocations being reduced (and disappointing) still looking forward to what ever the allocation ends up being (I consider it to to be a gift).

PLS Price at posting: 57.5¢ Sentiment: Buy Disclosure: Held
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Last $2.89		Change 0.040(1.40%)		Mkt cap ! $8.703B

Open	High	Low	Value	Volume
$2.78	$2.89	$2.78	$29.90M	10.51M

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No.	Vol.	Price($)
2	39193	$2.88

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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3	20704	2.840
5	59753	2.830
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Price($)	Vol.	No.
2.890	41382	3
2.900	70718	11
2.910	18569	3
2.920	8000	2
2.930	35285	4

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Pilbara Minerals, page-33

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Pilbara Minerals, page-33

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