PLS 1.03% 49.0¢ pilbara minerals limited

Pilbara to double and triple down, where will the money come from?, page-2

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    lightbulb Created with Sketch. 2547
    Agree with most of that. You forgot to convert sales proceeds back to AUD I think? Makes maybe $20m difference. Makes a slight difference.

    Key message though is there is a good chance that Stage 3 gets pushed which is fine. I'd rather hold it back a year or two and drop it into where the supply crunch looks to start in 2022/2023 and pay for it with cash than dilute or take unmanageable debt on.
 
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