GXY 0.00% $5.28 galaxy resources limited

Galaxy Resources Price Target Raised 8.3% to A$0.65/Share by Canaccord Genuity, page-26

  1. 680 Posts.
    That's an awfully simple re-model. They've just put most of ~6 months (admittedly ramp-up) production ( estimated as ~20kt) to be shipped in Dec. That leaves ~2kt for September.

    Does anyone know what 2kt of spodumene concentrate looks like?

    I think we likely have way more than that already...

    I think we even have evidence courtesy of @ianwill as of 28/7/2016:
    ...



    By my calcs, 3.1 tonnes of spodumene takes up roughly 1m^3 (depending on purity and whatever else it's mixed with)

    2kt spod = ~667m^3

    So do we have more than that stockpiled already?

    ~50(++)m x ~20(+?)m x ~4(+)m x 0.75('prism'/solidity factor) = 3000m^3? (super conservative)

    = ~9kt spod concentrate

    With 1.5-2 months further production before shipping

    That is a big pile of spod.
 
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