Ann: Galaxy Confirms Lithium Concentrate Pricing for CY2017, page-92

Okay calmed downs and read the reports.

So the Edison report had a revenue of $147m in 2017. They had the highest base price and tones mined.

Based on 196,000t at $750. The earnings (profit) based off of this is $68,554,000

So if the same cost structure is in place we have:
196,000t estimated production
x $750
----------
$147,000,000 Revenue
-78,446,000 in operation costs
= $68,554,000 shown in profit after tax (no tax!)

So we have a operating cost of 78,446,000 / 196,000t =
$400.23 per ton operating cost.

Now riddle me this?
At a cost of $400 per ton fixed.....we just contracted for $900 per tone.

We did have a $350 per Ton profit at $750 based on the Edison report.

At $900 that is $150 more x 196,000t for an additional $29,400,000 directly to the profit column. That's a 42% increase in bottom line profit! Or $97,954,000 estimated profit! $5.3 cents per share.

For the poor analysts with a $600-650 price target they just got blown out of the water! Talk about a re-rating

Edison had a $.75 for the best case $750 per T.
This should put GXY over $1