Entirely agree
@bigdeano1977
Galaxy will be able to show the rest of the market how profitable the lithium sector can be.
Just a low ball assessment of the monthly export we might see..
(570 tonnes per day X 6 days ) x 4.3 weeks = 14,706 tonnes per month.
Mark it up to 15,000 tonnes then multiply by the minimum $830 per tonne arrives at US$12,450,000 per shipment or just under AU$16.6 million per month.
Multiply that by 12 months... and then adjust to Australian dollars and we have....
$200 million per annum before costs.
One thing I also noticed that slipped at the AGM and that was Martin Rowley mentioned something that sounded like Galaxy is moving into some kind of a tolling arrangement with any excess supply. - That should significantly boost those numbers.
KA-CHING!
I wish I had the figures they are selling the tantalum for. I am wondering how much of the production costs it might be offsetting. - This would go a long way to be able to see the profitability.
....but I think they will be doing ok with the revenue above.
