Benjamin Graham, Warren Buffet's mentor, said that" the market in the short term is a voting machine but in the long term it is a weighing machine. " The scale on the weighing machine is value and it is argueable
that the significant proportion of value is profit.
I appreciate that others may view value in a share such as GXY as
development milestones in the company's journey to completion
which derisk the overall project but the ultimate value of the completed
vertically integrated company is its ability to make profit.
Once the ability of the carbonate plant is qulified, then one can reasonably
make forward estimates of profit and ultimately share
price based on these fundamentals. The derisking stepping stones which
for you are fundamentals, for others may be a means to the fundamental
end of making a profit.
Cheers to all holders & the best of luck leading up to the results of the
carbonate quality which the plant is capable of producing. This ann. should be only weeks away.
Moorookamick
Turin.
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