Pilbara Minerals Limited (PLS.AX) explores for and develops natural resources
in Australia and Papua New Guinea, primarily lithium and tantalum.
But PLS’s flagship asset is its Pilgangoora Lithium Project in WA. Before
we recommended buying the company it had determined a JORC Resource of 80.2Mt
at 1.26% Li2O, equivalent to 1.7Mt of contained LCE. Thus Pilgangoora appears to be the world’s
2nd largest hard rock lithium deposit, ranking only behind the world class
Greenbushes mine. Compared to other
emerging hard rock lithium producers, Pilgangoora ranks above average in terms
of size, grade, and costs, as well as demonstrating favourable metallurgy to
date, according to reports.
Since Lithium is an essential Element in Modern Battery Technologies,
(think, e.g., Electric Cars!), it is no surprise that PLS.AX shares have more
than doubled since we recommended it at 54¢ per share, to a high of $1.18.
Important: Though we expect there to be a continuing demand for
Lithium for electric cars, etc., considering likely Effects of Key
Sector Spikes Up & Key Sector Crashes! (see this
Week’s Alert!!) and considering that the share
price has fallen back under $1, we believe you should
take profit TODAY NOW by selling your remaining shares!
Recommendation to Consider
Sell your remaining shares
in PLS.AX.
This should generate
about a 60% profit for those who bought when we recommended it (08/3/2016).
That’s about 44% Profit annualized.
Congratulations!
Best regards,
Deepcaster
March 23, 2018
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