galaxy, the bonanza no one cares about., page-20

Hi Moorookamick,

Talisman Lithium on the TSX- code TLH is trading on a p/e ratio of 16.6. I can't see much difference between the 2 companies other than they are looking at brine in Chile - but their earnings are from hard rock at Greenbushes. If your figures of $34M profit are a close guestimate for GXY - then the market cap would be $564M. That would put the share price at around double current levels. I think TLH is its closest peer. We do need to find out more on the financials, I hope that will happen as they start production of the carbonate hopefully in late March. It's interesting times for Galaxy - we'll see what transpires in the next couple of months.