Banter and General Comments, page-14231

GXY currently has a market cap of about $360 million AUD. "As at 31 December 2019, Galaxy was debt free with cash and financial assets of US$143.2 million" (equivalent to $219 million AUD).

This means that Galaxy's net cash as a percentage of its current market cap is ~60% or 54 cents per share.

Wesfarmers bought Kidman for 95MT @1.4% Li2O for 760mil.

Therefore going off those metrics as a guide this would see James Bay (40MT @1.4% Li2O) valued at ~320mil. or ~78 cents per share

And going off the announcement made on 23rd of Jan last year in regards to Mt Cattlin: "A 42% increase in total Measured, Indicated & Inferred Resource tonnes to 16.7Mt, at 1.28% Li2O grade containing 214,400t of lithium (Li2O)." Lets be conservative and say we have around 15MT @1.3% Li2O remaining. Once again going of the KDR metrics this would value Mt Cattlin at ~110mil. or ~27 cents per share

But we've forgotten about the flagship: Sal De Vida. So the sale of the northern tenements of SDV garnered "Proceeds of US$217.2 million (after tax) received from the sale of tenements to POSCO" or ~332mil AUD. So because im lazy lets say our southern tenements pre-production are worth the same, but to be conservative lets say only ~300mil AUD. this would give it a value of ~74 cents per share

So if we now add up 54 + 78 + 27 + 74 we get 233 cents per share or $2.30 as a conservative figure.

Given the current climate the shorters are having a field day on the back of corona virus fears and the broader market.

As of the 21st of February 20% of the shares on Galaxy's register we're short positions aka borrowed. Which means ~81 million short positions need to be closed... they must be bought sooner or later.

When the dust settles all the shorters over at Credit Suisse(who have invested 57.4 billion USD in fossil fuels from 2016-2018), amongst others, will get burnt. In a big way.

Its not a matter of if but when.