GXY 0.00% $5.28 galaxy resources limited

Outlook and news, page-80

  1. 2,728 Posts.
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    I don't think there'll be any flipping of James Bay. AT is approaching future devts in a slow and measured way, which is great for GXY. No point in swamping the market with product. Better to time prodn increases to the growing needs of our customers. My reading of recent announcements is that JB won't get the go-ahead until some time next year and perhaps won't be in prodn until 2020, by which time the demand for lithium will be able to support a new lithium hub and it will be clear that a good profit can still be made from developing another spodumene deposit. It will put GXY in an immensely strong position, but it will take 2-3 years for that position to gradually develop. Which is why I remain confident as an LT investor. DYOR
 
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