GXY 0.00% $5.28 galaxy resources limited

FOMO, page-38

  1. 1,658 Posts.
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    To be expected then....
    The details for PLS are taken from their recent valuation reports
    and they are happy to ignore the Strachan or Canaccord numbers for GXY/GMM.

    "I have not included the target potential for GMM or GXY as I could not see anything I could substantively rely on.
    GMM and GXY also do not report their 50% interests they typically show their resource statements without taking this into account.... Also I think their production cost is BS.... I took this from their PFS on GMM's website."

    Neither of these above statements are true.
    Mt Cattlin has records of historic production costs etc..
    PLS has a $407m NPV valuation in their PFS. And their is a lot more dilution or finance to be found to build that thing. Arghh..
 
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