re: News: Galaxy announce Hong Kong listing a... Reading between the lines, it seems to me he is suggesting they will not generate enough revenue to be profitable without diversifying into battery production. Have a listen. In Iggy's words (paraphrased):
"Revenue dollar for concentrate, equivalent to $1.
Lithium Carbonate revenue dollar, equivalent to $3.
Cathode production revenue dollar, equivalent to $44.
Battery production revenue dollar, equivalent to $500."
Remember GXY will be competing with neighbours Talison Lithium, now listed on the TSX which currently mines "ore containing 3.5% to 4.5% lithium oxide" at Greenbushes, whereas Mt Cattlin produces "an average grade of 1.1% Li2O". (From both web sites.) Maybe we can see why Iggy wants to diversify as soon as possible.
Talison is also diversifying - into low cost lithium salars in Chile.
I'm not trying to down-ramp and I am no expert. The GXY SP has done well recently. All I'm saying is "caveat emptor". Good luck to all.
News: Galaxy announce Hong Kong listing and growt, page-3
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)