GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-19592

  1. 8,740 Posts.
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    I agree with you based on my research a few moments ago that My Cattlin has the potential to make some good money that can go towards the construction of Sal De Vida.

    That however doesn't make the company profitable as it is still incurring costs to build its second asset.

    I understand the excitement of Sal De Vida being a much larger resource, but as any girl will tell you, it's about how you use it that counts and in the meantime we need to wait till 2023/2024 before that happens at ~10,000 tonnes per annum.

    My point is that other companies will already be in the game many years ahead whilst Galaxy is getting itself off the ground.

    What do you see the maximum production from Mt Cattlin being per annum? I am guessing they would be happy to forget about preserving the mine life if the pricing is favorable.
    Last edited by Thesi: 05/03/21
 
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