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GXY galaxy resources limited

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Citi upgrade GXY to BUY..., page-117

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Dancing

5,148 Posts.

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17/06/17

12:19

Post #: 25332594
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Originally posted by Thesi ↑

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.

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Yep, so you should give that person who said to you "GXY is finished" a slap to the head.

GXY Price at posting: $1.64 Sentiment: Buy Disclosure: Held
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Citi upgrade GXY to BUY..., page-117

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