Conversation and response from Galaxy Resources, page-83

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bobsacramento

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23/09/16

06:30

Post #: 19364147
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Originally posted by Juno ↑

It is hard to know how it will go, but I have been at pointy end of mineral plant start-ups quite few times (One of the things I do is program the control systems and often operate the plant for the first bit to achieve the process guarantee) and there are usually problems, even in well known processes.

Additionally, scaling up process plants from test plants is not nearly as linear as most people believe (Think Murrin, HBI, Hismelt, the BHP mineral sands at Augusta - all took years to get anywhere, some failed).

LIT and PLS are by no means a done deal by any means in my book - the main attraction of GXY for me was the restarting of a previously operating plant, when I saw that at the beginning of the year I bought in thinking it was a no brainer. I still think they are the best prospect for lithium right now on that basis and I am totally flummoxed by the MC of the yet to produce companies, regardless of the size of the resource.

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Thanks for the insight, so it would seem that delays (whether due to processing or scaling up), are expected and make timelines challenging to follow. In your experience, how was your interaction with management? What expectations did they have from you?

GXY Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
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Conversation and response from Galaxy Resources, page-83

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