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clock Created with Sketch. 07/04/16
15:58
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Originally posted by Thesimmos
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I wouldn't say that Pilbara's best days are behind them things will get better, but I would rephrase that statement and say that their best days are a long way off. 2018 it appears by their investor presentation and by that stage Galaxy and their partner will have Sal De Vida which based on current and projected lithum prices will exceed $1 billion dollars per annum alone before expenses. Will Pilbara be receiving that kind of return?
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Thank you for your detailed reply. However, do you think GXY/GMM will be able to develop Sal De Vida without also 'getting their cap out'? Do you think that Sal De Vida will be able to beat them to production? Orocobre's experience is a cautionary tale (which is why I was pleased when Anthony highlighted the need to get experienced brine engineers into the company). But I'd be amazed if Sal De Vida beats Pilgangoora to production.
