GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin Resource and Reserve Upgrade, page-51

  1. 13,886 Posts.
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    In simple terms and round numbers:

    214,000 t Li2O 

    @ 93% mining recovery = 199,000 t Li2O extracted for processing

    @ 75% processing recovery = 149,000 t

    @ 6% spod concentrate = 2,488,000 t concentrate


    ...and yes, pricing and costs will change over time, but assume just for a second that the margin is USD400/t, that = about $1b profit (USD).
    ...and yes I know resources don't equal reserves etc...   but the point is, this is serious. 

    Last edited by GCar: 23/01/19
 
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