PLS 5.84% $2.90 pilbara minerals limited

Pilbara sends mining contractors home, page-267

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    At BMI ken said:

    Issue is with recoveries, in fact Fe entering the circuit from the ball mill, and then the Fe causing havoc in floation as the Fe float higher than the fines of spod, the Low magenitc machines being added to the existing circuit are there because the previous ones were not enough for the tonnes per hour being pushed through the plant. All of these issue will be sorted by first week of October, the other side is crushing and this will be completed in the next two months or so.

    Now the kicker, CATL dont actually have an conversion capcaity "yet" but there is a heap of carbonate/hydroxide plants either half built or completed but not commission as lack of money, so the offtake to CATL might be strategic and alot larger than anyone can envision, they spent over 3 months doing due diligence on PLS, so i would say watch this space for stage 2 offtake.


 
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