GXY 0.00% $5.28 galaxy resources limited

ASIC Response, page-13

  1. 2,768 Posts.
    lightbulb Created with Sketch. 10
    Hi,

    Exploration company, not a miner. They seem to have brine and hardrock projects:

    http://www.argosyminerals.com.au/ir...citos-lithium-projects-argentina.aspx?RID=363

    http://www.argosyminerals.com.au/irm/content/mt-paris-lithium-project-australia.aspx?RID=364

    Might be worth a little speculation. My concern is that they will be very late to the game if mining actually commences, and only hold a percentage of the actual projects. The doubt would prevent me investing heavily. Now they could be a multi-bagger as a short-medium term, but it could all be based around speculation on what they might achieve one day...

    GXY is a done-deal, 100% ownership of resource etc. and are mining, and have a solid plan to develop the other resources, so I would look more towards those sorts of investments.
    Last edited by shades2: 21/06/16
 
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