0103 GMT - Pilbara Minerals's balance sheet looks like a fortress to bull Jarden. Pilbara Minerals's cash balance hasn't dipped below A$1 billion since the September quarter of 2023, despite a prolonged period of depressed lithium prices coinciding with elevated investment in growth. That cycle of heavy investment has now finished and Pilbara Minerals is set to harvest the rewards, analyst Ben Lyons says. Assuming spodumene prices average US$1,000/ton in FY 2026, Pilbara Minerals can generate A$135 million of annual free cash flow, Jarden says. It thinks Pilbara Minerals can generate free cash even if prices drop to US$825/ton. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 21, 2025 21:03 ET (01:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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