Trading halt?, page-46

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Thesi

8,746 Posts.

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25/08/17

13:48

Post #: 26760771
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Originally posted by Ninja Tuna ↑

All, while it is obvious that FMC is our next door neighbour, I think that with them spending up to US$300mio, it is simply to expand their existing site with extra ponds and converter.
I do see that FMC's current resource at Hombre Muerto is smaller and slightly lower grade than Sal de Vida (based on a chart LAC had in a presentation as below
View attachment 699678
But whether FMC is actually looking to expand their resource by doing a JV with Galaxy is another matter.

From an economics point of view, I think joining FMC and selling lithium to Tesla at below market pricing is not the best move for shareholders.

It is the board's intention as per Alan Rule's comment, to progress SDV using a 10-year offtake. Since that discussion was with a traditional automaker, I don't believe it has anything to do with FMC nor Tesla.

You can see that we are the 4th largest brine resource in the world with the 4th best lithium concentration (mg/L), so I understand that the board and AT has been careful not to sign crappy deals and giving the value of the project away.

Thanks for posting it @Thesi but to be honest with you all, I haven't been taking FMC seriously for quite some time

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Can I possibly get away with posting this as my response?

http://www.galaxylithium.com/announcements-1/sal-de-vida-revised-dfs-confirms-robust-operation

And then wonder a little more as to what FMC are going to be spending their $250-$300 million on?

What happens to FMC if the production from Mt Cattlin doesn't head their way anymore? @airconditioner raised this point..

More to think about?

GXY Price at posting: $1.76 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Trading halt?, page-46

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