sounds good becasue of the cash they have but i dont like at all GXY for the short term.
lithium hydroxide produced from spodumene is far more costly and intensive vs the brine method.
they will struggle to get that going in this current market space.
More and more companies are bringing brine into production and will favour this area of sector for the medium term.
big money always goes to where the returns are and thats in brine lithium hence why GXY is falling and appears like it will continue.
ive written off spodumine companies until lithium prices make a comeback.
Ann: March Quarterly Activities Presentation, page-76
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