Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Ann: Quarterly Report - June 2018, page-163

First 163 Last

Share
Profile

Follow
DC 007

9 Posts.

11

18/07/18

18:27

Post #: 34429977
Share

Originally posted by sensible123 ↑

Many analysts tend to overplay the impact of softening of lithium price if it happen, but it is unlikely to happen before 2025 due to surging demand of EV and grid/home storage and lack of new suppliers coming on stream.
Currently, the price for 5.5 - 6.% LI concentrate is around $1,000.US, even it is even out to $800 US average for the next 5 years, it is still a very high margin and lucrative business for GXY for many years to come - 50% margin.
I suppose the herd mentality is at play here - softening of lithium means the business is not viable, this could be the case for newcomers but not established players.
With the advantage of low cost brine asset, GXY is in a enviable position (compare to others 100% hard rock play) and will continue to strive and make good margin even at $11,000 to 12,000 per ton for LCE which is the base rate assumed in DFS anyway.

Expand

Totally agree, gxy has a great future, hence why my hard earned money is invested in gxy, this next 5 months will have so much going for gxy, RERATE RERATE RETATE AFTER RERATE bring it on

GXY Price at posting: $3.14 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

FFM

Firefly positioned for copper growth in Canada ahead of resource update

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 23 more messages in this thread...

First 163 Last

Add GXY (ASX) to my watchlist