PLS 2.13% $3.83 pilbara minerals limited

Hi Dakoda Please forgive me for leaving out the resource...

  1. 2,341 Posts.
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    Hi Dakoda
    Please forgive me for leaving out the resource upgrade!!! So much going on and when you already have 156m tons in the bag so to speak whats another 15 to 25m tons.......VERY HELPFULL! Actually what excites me most about the upgrade is not just the quantum likely to go over 170m tonnes but the upgrade in measured resource which currently stands at 70m tonnes or 17.5 years at 4m tonnes per annum when the 2nd tranch of capital is deployed. But wait there is a bit more news to come around Lynas Find and excuse the pun but it may well be a very significant "find" if the tonnage goes above 15m tonnes and the high grades continue.

    The purchase of this asset may well be the lithium "find" of the last decade in WA at
    least. If we can get enough 2% Lithium ore from this site it would be a great way to reap huge profits from either DSO this year or spod concentrate sales next year when prices are likely to remain close to current levels. That could mean that the capital cost to build the mine is recovered in well under two years not to mention hasten the construction of the 4m tonnes pa project.

    Finally it is clear that Remirez is a serial down ramper. Please just ignore him. Don't respond in any way to his posts as you are perpetuating his goal of creating doubt through the negative post subject header and negativity about our wonderful project. It is not right what he is doing IMHO.
    regards W2
 
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