PLS 2.13% $3.83 pilbara minerals limited

At the sake of sounding like a broken record, the AUD/USD is now...

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    At the sake of sounding like a broken record, the AUD/USD is now 73.5c. This is well below the forex FX rate used in the feasibility studies (75c).

    As per the Stage 2 PFS announcement from February, the below table would have our NPV towards the top-right:

    chart.JPG
    And as PLS has pointed out in their May Corporate Presentation announcement, spodumene pricing is going up! Ok US$1314 may be a tad optimistic but it bodes very well for future price contracts:

    price.JPG

    Myself and others have run the numbers on PLS many many times with predictions of the share price above $5, but the evidence is compelling. I can't see how we won't be up at those prices when Stage 2 is commissioned in 18 months time!
 
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