Fosters Report: Pilbara Minerals – PFS Outperforms Expectations on Production and Costs

A report by Fosters Stockbroking highlighted the recently announced PFS for the Pilbara Minerals Limited (ASX:PLS) Pilgangoora Project in Australia.
As quoted from the report:

Recommendation

• We maintain our Buy recommendation on PLS and increase our price target to $0.76/share (prior $0.47/share based on our risked valuation.
• Catalysts include the DFS, extending the mine life, progress on offtake and financing and continuing positive industry and pricing outlook for lithium.

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