GXY galaxy resources limited

Citi upgrade GXY to BUY..., page-85

  1. 14,720 Posts.
    lightbulb Created with Sketch. 9025
    "maybe FY18 will be better with nett profit target of $40-60M"

    Please share your basis for this.
    It contradicts guidance of 160k tonnes, which, at current prices would be circa $100M profit.
    Then consider effects of potential 2018 pricing, tax credits, likely improvements to recovery rates.

    "SP will tank"
    Again, so much certainty. Meh. You must be absolutely loaded thanks to your crystal ball. Not.

    Thanks
 
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