Very good points each and every one of them @schmunzel75
It does make me wonder what the $40 million line of credit from BNP might be used for that was allocated specifically to Mt Cattlin by the company.
@Dancing didn't TAW make some agreement to sell their concentrate at US$1000 already which as someone else said is remarkable for a company without a defined resource. It would also indicate that Galaxy's current pricing is quite low in comparison to what might be achieved and interestingly that US$1000 is the equivalent of AU$1,300 which if Galaxy was able to achieve that at the lower end of the scale is AU$200 million per annum.. And that's also allowing for the company to not make any improvements to the current process.
I think we are on a good thing.
GXY Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
