Can someone please explain, page-111

@PamplonaTrader

Thank you for that.

I agree with you in regards to the fact that developing Sal de Vida will not be an easy feat given the difficulties associated with brine production timelines - However, please keep in mind that this perception around brine is worsened by the performance of a certain other company on the ASX who has unfortunately not been the best example. We must also recognise that GXY is playing the long game and has 2 x DFS completed for Sal de Vida (2013 and 2016), with project work ongoing since 2012. This includes a pilot plant. GXY is not jumping into Sal de Vida blindly by any measure. Their actions are loud and clear testament to this. Do not forget that Sal de Vida is unique in it's chemistry make up (in fact, the most desirable) which will mitigate many of the issues others have had. It is also the reason why other players are perhaps sniffing around this project - I would hope this gives you some assurance.


James Bay is a company maker in itself, and GXY could not be in a better position to capitalise on this project given their experience in hard rock. I am confident we will see a positive James Bay DFS next year (Please note the two options for development as noted at the SMI presentation...just an immense opportunity). If indeed James Bay is comparable to Greenbushes, then GXY has just stepped ahead of the competition for good with no chance of anyone catching up. I think GXY has a real chance of starting work on James Bay sooner than most anticipate given the contract prices locked-in, multiple customers knocking on the door and the fact that competition is is non-existent for the next 2-3 years.

Please recall that GXY is not new to Lithium unlike many others in the ASX who happened to 'stumble' on it at the right time - I know this sounds quite blunt and my apologies, but it is true. GXY has the best management team and networks to tackle any issues which will inevitably arise. There will inevitably be more short term share price % gains elsewhere, but GXY is no doubt the best long term lithium play at the moment. I prefer to play the long game with GXY as I am confident with the way business is handled by our team, and I would rather pursue my other business/daily interests while GXY diligently paves their way. I am holding out for all three assets being in production at full capacity.

Speaking of Joe Lowry, you will also know that he continually picks GXY as the next global lithium player Not difficult to see why when there are 3 x 100% owned assets, experienced management and the supply/demand equation at hand.