where are the figures?, page-4

holedigger,
What are the risk factors for BHP, RIO, NAB, CBA? C'mon now....of course there are risks in everything. By the same token, consider the fact that every single timeline has been met or come in early.
The risk factors you mention exist for every Aussie company.

As to your points:
1. Construction over-runs in time or money: The company has met all time lines to date and is in front of a number of others.
2. Failure of the plant to perform to capacity: They have an experienced team and there is no reason to believe or assume that this would be the case.
3, Plant breakdowns and maintenance: Yeah, and what about earthquakes or meteor strikes? The plant will be new, unlike that at functioning mine sites. Maintenance would be scheduled and accounted for in any reasonably well organised mine.
4. Adverse fluctuations in the Aus $: All Australian companies are at risk in that sense. Having Chinese partners in this company is a bonus imho. Other companies that might have the backing of a country whose banks are in trouble or whose currency is on the skids or which might experience political instability are far riskier propositions.

I have a question for you regarding, say ORE: If "risk" were being taken into account, then: How stable is Bolivia compared to Aus? By that measure, ORE would be nothing but a punt.

5. Changes in gov't policy here and in China: Yes, the recommendations of the taxation review are going to impact ALL mining companies. So GXY is not at any greater risk than is BHP, RIO, PNA or any other big ones. China? They don't even have free elections, and it wins hands down (unfortunately perhaps) in terms of stability. A tax on iron ore has nothing to do with Lithium, just as a tax on gold doesn't come into play. More to the point is the fact that OTHER companies ARE at risk because of those things, unlike GXY.

6. Future capex: Aw, c'mon. That will affect all players.

Other risks? Meteor strike? Plagues of frogs and locusts? Sharemarket tanking? Double-dip recession. Sure. But why would those risk factors affect GXY any more than any other company?

Thanks for the input, and it is wise to look at the problems as well as the good things. But just as I did, I urge you to call the company and ask them about your doubts or fears. Then let us know what you find out. If the company can't satisfy your concerns, please share that with us.

Cheers.
ST