GXY 0.00% $5.28 galaxy resources limited

sdv dfs supports low cost, long life lithium a, page-3

  1. 1,984 Posts.
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    Moorookamick,

    I agree we need Jiangsu to be profitable and very damn soon. But there is no way I'd agree on mothballing Sal de Vida - the potential is too huge to ignore. If you're after divident paying stocks the banks and Telstra are good! At the same time I don't want further dilution - they need a good sensible plan to get Sal de Vida up and running in 2-3 years - without sending the company broke in the meantime. Mt Caittlin was mothballed because it's a money loser, I can't see a fully functioning brine losing money - unless of course it floods for 12 months. I'm investing in a Carbonate plant fed via cheap spodumene outsourced and even cheaper brine from it's own venture - with capex and financing shared (as well as profit sharing) with the Koreans. If they only concentrate on Jiangsu by the time they would have the money to spend on the brine project they would have wasted 3 years and be behind other lithium producers. Sal de Vida shared with the Koreans - go for it!
 
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