broker recommendation:other than a large project at a Chinese...

broker recommendation:

other than a large project at a Chinese lithium
brine site due to begin production 2010, I haven’t
found anybody else close to actually producing new
lithium carbonate before Galaxy. Granted, should
the electric car industry grow by leaps and bounds,
the industry will become very attractive very quickly.
However I think Galaxy will have found its niche as
a low-cost producer in a market where demand is
growing.

But given the improving value of the project
with a plant in China and expanding resource base,
this is my best idea this month. If the share price
closes the gap with the value of the project, I expect
it to double by the end of the year and then some

Have spoken to some others in the fund management business and rated GXY a strong buy with huge upside potential leading up to 2010 and production timelines.