GXY 0.00% $5.28 galaxy resources limited

General: Share Price, Trades and chart related discussions, page-1589

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    RE "2017 revenue," doodling recently I noted,

    The production guidance for 2017 given in the recent GXY presentation is (120 to 150) kt spodumene. The prices are being negotiated in Q4 2016. They will be at least $600/t and may be 20% higher (per Anthony Tse) ie $720/t
    So the revenue in 2017 should be somewhere between $72 million (120 kt at $600/t) and $108 million (150 kt at $720/t)
    With 1788 m shares (undiluted) this is 4 to 6 cents per share, or 12.5% to 18.5% of the current share value, 30.5 cents.
 
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