PLS 2.13% $3.83 pilbara minerals limited

Neil Briddle Talk Today

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    Below are some notes from a shareholder who attended a talk with Neil Briddle today.
    This should provide some assurance for those that are feeling a little uncertain at the moment.
    Confirmation that all is good, and we should be standing firm.

    ------------------------------------------------------------------------------------------
    Here are my notes from the presentation today (27th September) given by Neil Biddle.


    PILBARRA MINERALS - PLS GOOD
    Pilgangoora Lithium Tantalum Project

    Flagship project - 2.5 years,
    Second largest spodumene-tantalite resource in the world
    DFS confirms tech and fin viability of 2Mtpa Pilgangoora dev
    Cornerstone off take partner, General Lithium China
    Pilgangoora Project 120km south of Port HEdland in WA's Pilbara region.
    Port Hedland Port access
    Exploration to Mining company transformation
    New MD Ken Brinsden brings alot of exp in taking
    $100M in bank, well funded
    Average daily turnover in shares is $114M shares
    Market cap $633MC at 55c.
    DFS has delivered an outstanding outcome.
    Expect to be commissioning by end of 2017.
    And product leaving by 2018.
    $250M p.a. EBITDA
    NPV of $1B.
    Demand for spondumene is not understood by the market.

    1/3 of all Lithium is used in Glass CEramics
    1/3 in rechargeable batteries small lithium batteries - power tools
    Demand is pretty steady with global economy.
    Lithium in China is booming
    Broad Central Government policy position towards New Energy.
    E-Bike phenomenon
    30M E bikes produced annually.
    200M E-Bikes in circulation
    Targeting 5M new energy vehicles by 2020.
    Tesla is less than 10% of what we will see in China.
    Their demand for Spodumene will grow in China.

    Lithium batteries demand will go up.
    But for the price to go down, the feedstock will need to go up.
    Hence China wants PLS's lithium stock.
    Lead Acid batteries will be obselete within 5 years by PLS views

    Lithium Phosphate Batteris (LFP) for Lead Acid Batteries replacement.
    -LFP betteries superior to LA batteries. Triple life span, 95% efficiency fcompared to 60%.
    Availability and Price is what is stopping LFP batteries taking over LA Battery market.
    Less than 1 third in weight compared to LA.
    2.5kg = 5Mt LiCo3 Equivalent
    500,000 tonne per annum over next decade , 7.5t of spodumene to make 1 tone of lithium.

    Mass production of EV's set to take off from 2018.
    160B forcast.

    Energy storage for domestic, commercial and Industrial PV/Wind Installations.


    Regarding my conversation after in the break. I spoke to the other executive and he confirmed:
    1. No takeover. That is a rumour.
    2. The MIN Litigation is resolved. All good.

    Kind Regards,
 
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