Pilbara Minerals Limited (PILBF)

[n4807g]

Pilbara is extremely well positioned going forward. The growth in production of hard rock lithium couldn't be better timed. The decision to build the mid-stream conversion plant and the hunt for a partner to build a Lithium Hydroxide production plant puts them on course to be a major player and a very profitable one. I will add to my holdings if the share price drops below $2,80, but I'm not holding my breath. I will nibble if the share price holds above $3 while competitors stall or sell down, As long as the price of 6.0% spodumene doesn't fall much further Pilbara's cash machine will keep producing. Even if the price were to collapse Pilbara has the cash to weather any storm, but many of the newer producers can't say the same.