GXY 0.00% $5.28 galaxy resources limited

Ann: James Bay Development Plan, page-143

  1. 13,882 Posts.
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    @Thesi

    "The cost for production doesn't sit right as I pointed out, and I would be interested in your views on that @GCar though of course you'll probably opt for that's what the company has shared so far and provide little to no substance to that conversation so perhaps my request might end up rhetorical."

    Wow, assuming/implying I will/have provided "little to no substance".
    Digging deep now. Wow. Nice discrediting troll tactic.
    Calling out BS and nonsense adds value imo. I will continue.

    You have/are seemingly suggesting that the anticipated production costs are unreasonable, based solely on the comparisons provided in the presentation released today.
    Until/if we receive more details regarding the breakdown of those costs, imo no-one here has adequate grounds to claim they are unreasonable. What do we have to work with? What are the facts?
    We have the summarised outcomes of a study completed/ongoing by G Mining Services Inc., a specialised mining consultancy based in Canada, overseen/managed by the the GXY team on the slide below:

    https://hotcopper.com.au/data/attachments/2984/2984932-abe41c5c1ae3f2f3d6157248d1ce5fa7.jpg

    They are communicating anticipated costs, and based on comparison of those costs with other companies (seemingly the ONLY reason), YOU doubt they are realistic.
    You are now apparently "interested in my views" on those costs, despite me having nowhere near the specific knowledge of the deposit and other critical factors that drive that cost, in this specific case.
    In other words, I have no choice but to accept them as a reasonable estimate, based on their expertise and knowledge, in the context of how they have been presented (+/-30%), UNLESS I have information to illustrate otherwise - which I do not. I would argue that the cost estimates being lower than the costs of "peers" is not sufficient evidence to make any claims in that regard.
    Sure, it may make you suspicious that the costs are "low", that's fine, but dig deeper (where can we dig, specifically?) before presenting this as some meaningful FUD item.

    Again, perspective is key - hence the PEA level (class 5 estimate) and sensitivity of project economics to key factors is vitally important to understand and review.


    BTW I know your mind is made up and you are on a FUD mission today - I am not trying to convince you of anything, just providing information and perspective that may help others.


    IMO
    DYOR
 
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