GXY 0.00% $5.28 galaxy resources limited

50c, page-98

  1. 1,092 Posts.
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    @Thesi.
    I spoke with GXY last year about hydrometalurgical treatment of their ore. They gave the standard answer "Nothing proven at a commercial scale."
    If LIT builds a plant to produce 2500 tonnes of Li2CO3 in a year it is still only a large-scale demonstration but it should get companies with spodumene resources looking.
    In an email to LIT, also last year, I asked about GXY. The reply was something along the lines that the info is out there for anyone to see. They have come a long way since then.
    My position is that it is worth buying LIT low (I have been buying since they were 6 cents) and holding because if SiLeach is shown to be commercial it will revolutioniz the hard rock market and be worth much more than it is now.
 
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Currently unlisted public company.

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