Simple layman's comparison..
Galaxy's sales earnings from Mt Cattlin are US$23.85 million dollars MORE than that of Orocobre's ownership in Olaroz. (Or AUD$29.945 million)
Column 1 Column 2 Column 3 1 Mt Cattlin (100% Galaxy) Olaroz (66.5% Orocobre Ownership) 2 Tonnes produced[/B] 52,139.00 2,618.11 3 Tonnes sold 58,094.00 2,300.90 4 Costs ($US/tonne) $325.00 $2,624.09 5 Price received ($US/tonne) $868.00 $7,680.75 6 Sales cash earnings ($US mill) $50,425,592.00 $26,575,395.00 7 Profit (US$ Tonnes sold - Cost) $31,545,042.00 $17,496,043.60
For Orocobre to match the sales revenue that Galaxy are receiving from Mt Cattlin, Orocobre would need a 90% increase in sales revenue.
As a hypothetically over the next year...
The above does not include any sales from lithium chemicals after tolling by Galaxy.
Column 1 Column 2 Column 3 1 Mt Cattlin (100% Galaxy) Olaroz (66.5% Orocobre Ownership) 2 Sales cash earnings ($US mill)[/B] $201,702,368.00 $106,301,580.00 3 Profit (US$ Tonnes sold - Cost) $126,180,168.00 $69,984,174.40
Remembering that the above figures are in South Pacific Peso's (AUD) so have a bit of fun doing the conversion..
Hypothetically Galaxy's sales cash earnings in AUD - $250 million.
Hypothetical profit in AUD - $158 million.
Those losses Galaxy carry to offset any tax obligation will be a significant advantage also.
Well noted @Zetland1 - Galaxy's ownership in Lepidico approx $27 million. (not sure if your figure includes the 5 million options?)
Also some key points spotted in the announcement...
- Successful test work completed producing battery grade lithium carbonate and lithium hydroxide
Also noting @maxi1981 cause for excitement...
- Planning commenced for test evaporation pond and continuous pilot plant to be operational in 2018
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Though of particular interest is the last line wording... Should that be 'not' or 'now'?
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