Can someone please explain, page-108

Hi @PamplonaTrader

Thank you for the input - Very valid points. Much appreciated.

I went through your earlier posts to get a better understanding of your insight, but I came across a couple of paragraphs which I wanted to clarify since they conflict with your latest post.

On 22/6/2016, GXY share price was 50.5c and you mentioned the value of Sal de Vida was completely discounted at this share price. Could you please clarify what has changed in the last six months which now deems Sal de Vida as 'fair value' at the share price of 51.5c today? Please see the last paragraph in your post below.


Again on 22/6/2016, you stated that the full NPV of Sal de Vida would not be reflected in the market capitalisation which I know all shareholders agree with - This is perfectly reasonable. However, you then stated that a share price of $1 by year end would not be unreasonable. Could you please clarify why the share price of 51.5c today is now fair value compared to your projection of $1 by year end? Please see the last sentence below.



As we all know, GXY has since released the SdV DFS with a figure of US $1.4bn, Mt. Cattlin has commenced production, delivery is on schedule for the end of December, and GXY has secured record high contract prices of $905/ton for next year. Given we have had the mentioned positive catalysts since your posts on 22/6/2016, I was somewhat confused as to why GXY is now at fair value at the current share price of 51.5c compared to your earlier projections.

When you have the time, if you could please clarify the above two questions, that would be much appreciated.

Thank you and have a great weekend.

M92