GXY
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0.00% $5.28 galaxy resources limited

Projected cash in bank at end of year after sale to POSCO will...

  1. stockmonkey88
    139 Posts.
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    01/09/18
    09:31
    Post #: 35344589
    Projected cash in bank at end of year after sale to POSCO will be close to 500 million AUD.. current market cap 1.1 billion.. so your paying roughly 600 million for Mt Cattlin assets, Sal de vilda and James bay..

    If we were to sell off the rest of sal de vilda we’d have more money in the bank than our market cap.. plus two other mines..

    Booming industry - no talk of booming EV demand atm just apparent lithium over supply.. demand massively underestimated imo.

    Too cheap.. I’m not a huge fan of commodity stock investing in general but this is too hard to not buy.
    GXY Price at posting: $2.73 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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