GXY produced 35-36kt for the last quarter of I remember correctly which would equal 140-145ktpa on an annual basis at that run rate. I checked them out before because I was trying to see if we could compare ourselves to any company and on a production basis they are a very good example to go with.
They are at a current Mc of $1.25B. They have debt, how much I'm not sure.
There were rumours they were supplying Panasonic/Tesla which have since been denied and I wouldn't be surprised if it was a PR stunt after PLS announced that they were the first company to likely supply a car manufacturer directly with Lithium.
GXY have a project in Canada and the Sal de Vida project which I think is a brine project in South America. I don't know the progress of these but maybe @Bikida could tell us more and whether we can expect to be valued at 50% GXY if things go smoothly between now and production and we get a good upgrade, lock in expansion plans etc
Add to My Watchlist
What is My Watchlist?