US$285m in cash, or AU$400M.
Problem is Mt Cattlin isn't worth more than $250m at present. The yield optimisation has taken a lot longer than it was supposed to, and still hasn't provided results.
The market seems to be completely disregarding James Bay at SdV, which isn't a surprise since neither project seems to be moving forward with any urgency.
If the YOP is going to deliver significantly higher yields, then GXY is cheap right now. The target is 70% (which I don't believe it will based on the comments in the quarterly conference call a few weeks ago), but even 65% would greatly improve profitability.
As we know, Mt Cattlin has a mica problem. For it to be a seriously profitable operation, it will need to start selling that mica somewhere.
Cheers
GXY Relationship, page-41
-
- There are more pages in this discussion • 128 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LPD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $7.468K | 3.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 168 | 195684971 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 118281350 | 55 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LPD (ASX) Chart |