Ann: Galaxy Confirms Lithium Concentrate Pricing for CY2017, page-133

Thesi

If you're trying to work out how long it would take the new (2017) sales figures for Mt Cattlin to pay off SdV, (I'm assuming your calculation of $376 mil/ $905 = 415kt!) then I think we need to take costs into account!

Based on the figures I used above ($400 per tonnein costs) we have around $113mil cash per annum. So without any contribution from SdV or tantalum payback would be $376/$113 or 3.3 years!

All very cool.

It is going to get really interesting say 3-4 years down the track, because if the brine product comes in at 25% of the current say U$15k hard rock price, then prices come down - unless there is insufficient brine to meet the rising demand! Then we have a situation where to meet demand, we have product coming from two raw material sources - brine and rock - with such staggeringly different costs!

Interesting times - but a great place for GXY to be.



What all this does seem to mean down the track