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1.23%

$3.22 pilbara minerals limited

then they will bring in uncle Jimmy from CBH to cut costs and...

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MrGriffin

1,537 Posts.

72

03/11/17

10:50

Post #: 28467372
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Originally posted by bobsacramento ↑

Not true for so many different reasons given that infrastructural costs alone at AVZ will require increasingly high CAPEX, hydro-electricity isn't going to cheap, nor will it be reliable (~300-400 MIL USD of CAPEX for starters). Just ask Glencore, it has had to import power a lot of time from Zambian power companies. This fact combined with the extremely high royalties that (~40%) that the Congo Nat'l mining company will want from revenues, will ensure that less is given back to the investors. We aren't even talking about the ethical concerns that will be risen from mining in the Congo. Offtakes that are non-Chinese will be challenging for AVZ to have, especially if all these companies have ethical options available. By that time, PLS will have approached steady-state high output production, and reached large scales of economy to far undercut any of its rivals.

Time will tell, I suppose.

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then they will bring in uncle Jimmy from CBH to cut costs and process improve.
that is if we havent been taken over by RIO or FMG at stage for $5 a share.

PLS Price at posting: 84.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last $3.22		Change -0.040(1.23%)		Mkt cap ! $9.691B

Open	High	Low	Value	Volume
$3.24	$3.25	$3.19	$57.57M	17.90M

Buyers (Bids)

No.	Vol.	Price($)
11	120600	$3.22

Sellers (Offers)

Price($)	Vol.	No.
$3.23	135477	7

View Market Depth

No.	Vol.	Price($)
11	120600	3.220
13	654864	3.210
38	399586	3.200
20	261111	3.190
24	89451	3.180

Price($)	Vol.	No.
3.230	16909	5
3.240	166236	11
3.250	156436	9
3.260	117018	4
3.270	72602	4

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