Pilbara Minerals (ASX: PLS) - Lithium Play with a Real Project

There is little doubt that lithium is the hottest commodity within the resource sector at the present time. And Pilbara Minerals (ASX: PLS) is our stand-out exposure - having already risen by 228% since our initial coverage during September 2015. The keys to the company's rapid success have been largely fundamental – a high-quality lithium project in a low-risk jurisdiction that's developing quickly, a robust PFS released in March 2016, a $100m capital raising that's just being completed, a DFS scheduled for release during July 2016 and first production scheduled for 2018. Pilgangoora has been confirmed as the world’s second largest lithium deposit - and even more significantly one of the highest-grade deposits globally – with the added advantage of having a significant tantalite component that can help reduce operating costs by providing a valuable by-product credit.