Great article. With PLS' next resource upgrade imminent, off the back of months of successful drilling and exploration, it is extremely good timing that we are invested in this company. I am expecting a 50% to 60% increase in tonnage, plus an increase in grade for the first 75% of the resource, plus an important move from inferred to indicated and even measured for significant parts of the resource. I really do not think there is much doubt about this. Those 53m intersections were very nice !!!
I did not realise that China had slapped a 30% levy on lithium exports. That's interesting. This space is really hotting up.
January (Resource upgrade), February (PFS & geo technical drilling), March through June (more dilling and global promotion)- should all be good for us.
Not sure what is happening with TT, but I have little doubt they will sort that out. If there are technical issues, this time of year would be very difficult to get things done. My understanding is it is a pretty simple plant, so it cannot be too big a deal, assuming the gossip is correct (??).
I presume there is over $14m in the Bank, and so we are well funded and sales from TT will keep that topped up as we move to world domination in the Spodumene space. Very interesting article by Joe Lowry that someone posted recently. PLS' spodumene is going to be very highly sought after, very soon, with the only supplier (virtually) of this, Greenbushes (over 80% of the market), closing its sales to the market pretty soon. The race will be on to secure what PLS has. That has to be the outcome of this, and I expect it will be in 2016, and subject to a DFS. It will be mighty interesting to see how this plays out.
Who has been quietly hoovering this the past few days?? Mmmmh.
I think W2 is correct. The price we (PLS) are paid for the tantalum is fixed.
2015 has been a monster year for PLS, proving up the second largest Spodumene (lithium) deposit, which has low iron content (very important) and is near surface (also very important). We have moved from less than 4c to over 30c. I do not expect a 7 times move in 2016, but I could be wrong on that score. I have little doubt there is 150mt at Pilgangoora, and some are saying >200mt. I am not a Geo, but I listen carefully. At 200mt, what is the mighty P. worth?? 7 times our money in 2016 may not be so crazy, especially given the race to secure what is a rare (very) resource, in a lithium frenzied world.
GLTA, and enjoy the New Year celebrations.
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