Citi upgrade GXY to BUY..., page-97

Here's a simple analysis.. cut down from my detailed one

	Column 1	Column 2	Column 3
1	Cat	Amount ($)	Comment
2	Prod rate	160,000	Assumes no prod delays
3	$USD	830
4	Revenue	132,800,000
5
6	Production cost inc marketing fee	420
7	Cost	67,200,000
8
9	Gross Profit (USD)	65,600,000
10	To AUD(0.75)	87,466,667	Have not yet deducted corporate overheads; Interest payments on debt, etcAssumes no delays in shipping; Payment only receives upon lithium ship.

Mr Anthony Tse's own target:


I definitely think GXY will achieve $60M, higher end of the range, but worst case only $40M
Lots of people thought it was such a low target (and easily achievable) which I agree ! But dont reckon it's $100M +

The $389 /tonne is indeed a cash cost to produce lithium at the plant.. but there's the marketing fee that needs to be paid on top.. and all other associated costs... need to calculate AISC (just like gold industry players do)

Regardless in terms of SP (which I care most about) is that I think it'll probably float back up next week... Bullish Harami formed..

If 2018 pricing is same or slightly higher, it'll derisk GXY financial position, and hence will go up. Pretty much all the risk has been priced in at current levels, and so any derisking will cause SP to only go up.

Massive sell off = typical response = sell first, ask questions later...
If sustain on monday, will buy back in .... most likely will go up. as sell off already over done and complete.