Yes, you heard correctly.
And, the importance of that is a 50k tpa operation will generate a revenue stream of circa US$750m p.a. (at an ave price of US$15k/t) meaning we will definitely be on the radar of the big boys............... I hear RIO is looking for a new market segment to replace its coal operations. They throw that together with the rest of the GXY portfolio, plus Jadar and RIO would then have both hard rock & brine Li resources on 4 continents.
Do you think they may be interested???
GXY Price at posting:
$2.22 Sentiment: None Disclosure: Held
