Mushroom88
2022-12-25
K//@Iv50829922:C//@nickname168:I recommend $Pilbara Minerals Ltd(PLS.AU)$.Pilbara Minerals shares are up more than 500% over the past five years. buoyed by record high lithium prices that have accelerated through 2022, and which are seemingly immune to wider fears of a global recession.The ASX lithium stock owns a 100% interest in the Pilgangoora Project in Western Australia, one of the largest hard rock lithium deposits in the world. In its September quarterly activities update, the ASX miner saw production increase by 164% quarter-over-quarter to 147,105dmt of spodumene concentrate, while its cash balance more than doubled to AU$1.375 billion.At its most recent offering at the online Battery Material Exchange, Pilbara accepted a record pre-auction offer of US$7,100 per dry metric tonne (dmt) for a shipment of 5,000dmt of spodumene concentrate on a 5.5% lithia basis. @Tiger_AU
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
57