PLS 2.96% $4.18 pilbara minerals limited

In the previous quarter they reported US$4267 for SC6...

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    In the previous quarter they reported US$4267 for SC6 equivalent.
    The product sold was lower in grade on average and the actual price received for the quarter was US$3911.

    The average price received was also lower than expected as it included the late shipment of 20K Tonnes that was priced according to the previous quarter, according to the quarterly report if you take that out the equation the average price would have been US$4523, nearly US$300 /Tonne better.
    Anyway I'm expecting they will be getting well over US$5K/T this quarter (SC6 basis so around US$4500 for SC5.5) and it looks like record tonnes shipped is already a lock in, so happy days indeed.


 
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