GXY 0.00% $5.28 galaxy resources limited

Quarterly Report, page-33

  1. 8,745 Posts.
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    I completely agree with everything you have said that relates to Mount Cattlin and the GMM tie up, however and as a roughy with GMM at $100 million and Galaxy Resources at around $200 Million after today. If we now take I to account and for granted that the 50% will be done for both Mt Cattlin and James Bay then we can currently see that speculatively SDV at the end of today is worth $100 million. (forget Ponton it isn't even on the Galaxy website anymore, they clearly don't see that going anywhere)

    Can anyone convince us that Sal De Vida in its current undeveloped and speculative state is worth $100 million when a similar site was sold for $5 million recently? Is SDV worth the 600 million shares under that difference?

    I think we need a few more photos of some people in high vis standing beside a pond.. Definitely a solid announcement advising the goals moving forward there and what the real time frame is.. Which at the moment if resolved and commencing a forward movement tomorrow wouldn't produce a single cent until 2018-2019.

    How's that cash flow going? A company doesn't run on dreams and hope.

 
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