todays action, page-37

thelynxx
Thanks for the comments, got me started so I did some more research, looking for more details on both topics.
On the exchange rate, I feel the strong A$ will have minimal impact on the actual margin, and not all to do with hedging already in place.
GXY has established the buisness end (processing, marketing and sales) of the lithum operation in China. Bit like a Rio owning the steel mill in Japan. Sales in US$ or Euros, or Yen, should mean the actual margins remain roughly as predicted, but probably higher. Good for us.

On Ta2O5 - my broker reminded me last week that GXY had almost got an IPO away several years ago on the tantalum alone at Mt Cattlin. Since, even with supplies coming out of the Great Ape habitat in the Congo, the price has fluctuated between $40 and $70/pound. It has previously been as high as $400/pound. GXY has over 1 million pounds in the pit shell at Mt Cattlin already. Again, good for us long termers.

Best regards, ph