Ann: Galaxy Secures Spodumene Supply Agreement , page-9

re: Ann: Galaxy Secures Spodumene Supply Agre... Jiangsu Plant needs 135K tons P/A feed in order to produce 17K tons Li-Carb.

Talison's FOB price is about $200/ton less than GXY's production cost.

135K x $200 = $27 mil.

keep in mind that Talison's Spodumene grade is a bit higher than GXY's.

(Please refer to Talison's & GXY's previous reports)

Nothing really has changed since last year with respect to Mt Catlin.

A saving of $27 mil P/A should benefit the SP now unless those who have
not done fundamentals panic.

This move by GXY increases the probability of a Chinese take-over which should
add value to Gxy.
Cheers
Moorookamick.