GXY galaxy resources limited

An article on Lithium - interested in your views, page-9

  1. 2,060 Posts.
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    Maybe as early as 15 March...Payment for shipment due from Mitsubishi within 14 days of final documentation (circa AUD$5.6m#, given 50% prepayment)

    #14,000mt*USD$600/mt = USD$8,400,000 / 0.75 AUD/USD = AUD$11,200,000 / 2 (to reflect 50% prepayment under 2016 contract) = AUD $5,600,000

    You can see that when we move to 2017 contracts and get 100% well awesome numbers!

    AIMO EM
 
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