GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-5367

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    GXY marketcap: $774M ($1.9/per share)
    Cash: ~ $400M plus Non Current assets ~345M = $745M

    So basically at this price, WES can offer TO without spending much capital upfront. Not sure why they want to spend 1.5B for LYC with all the environmental issues whereas they can pay everything upfront with let say $500M for GXY.
    I know the Board and large shareholders will reject this. I am just trying to justify that the share price is so undervalue right now.
 
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