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$5.28 galaxy resources limited

Ann: Galaxy Confirms Lithium Concentrate Pricing for CY2017, page-99

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Rlith

340 Posts.

14/12/16

12:22

Post #: 21328838
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Originally posted by balt ↑

Rlith

Good stuff but a couple of suggestions:

Edison valued GXY at .75 and that included .20 for Mt Cattlin - hence .55 for the rest.

If we look at Mt Cattlin I suggest the following:

160,000 tonnes for 2017 - per their advice in recent presentation
lets say an av $us 875 = $132.8 mil or $177 mil Aus

now cost - this is trickier. I recall - but can't find it - being $300! but lets use your figure from Edisons of $400 which gives us a net figure $113 mil for Mt Cattlin and if we assume a per of 12 this gives us a market cap of $1.356 bil divided by 1.832 bil shares gives us a mt Cattlin price of .74 plus the Edison valuation of .55 for the rest = $1.29!

Then say less 10% for !!! = $1.16.

Cheers

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Yes your correct, I was rushing through it and it seemed a bit low. Just didn't look close at that figure. But I was thinking as you were typing and I came up with the same $1.29 based on EPS

Nice work!!

GXY Price at posting: 51.5¢ Sentiment: Buy Disclosure: Held
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