GXY 0.00% $5.28 galaxy resources limited

Ann: POSCO Transaction Completed, page-77

  1. 6,281 Posts.
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    Binwood,
    Sorry to disagree with you again, but how do you make the comment: "Wodgina will be producing 4x the LCE" when in the sentence before you make that claim you state: "On resource it's 5.16Mt vs 6.33Mt for Wodgina"?
    Just because the MIN/ALB annual production target rate of 100kT p.a. is 4 x the DFS study for SDV of 25kT p.a., it doesn't mean the resource is 4 x the size. GXY can ramp up annual production rates too. In fact, there has been a suggestion that AT is looking at a run rate of 50kT p.a. as a way of perhaps signing up more than one offtake partner.
    Anyway, my point is the plant size does not determine the size of the resource. It just means the plant will be in operation longer to extract the resource.
    Therefore, you can't say that it is 4 times bigger. That's all.
 
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