The second chart was from GXY's EISA submission to Canadian...

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findinggems

3,118 Posts.

941

20/11/19

02:27

Post #: 41519878
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Originally posted by Sjlasx ↑

When was that second chart released?
Here's a screenshot of Monday's presentation.

I think you will find James Bay is now on the back burner while spodumene remains in heavy oversupply.
Also GXY does not have the resources to develop SDV and JB.
SDV is the focus and rightly so.
Expect JB to continue to progress with regulatory approvals, etc but now is a particularly bad time to develop a hard rock resource.
Don't get me wrong, it is an excellent resource with a Grade of 1.4% and 40mt which makes it a highly desirable asset in fact one of the world's best hard rock resources, but GXY needs to focus on the parts of the business that will contribute best to the bottom line and cannot continue to chase so many projects at once.
Investment in Lithium projects is hard enough to come by on fair terms at the bottom of the cycle, but you also need to couple that with the struggles of Nemaska Whabouchi and NAL Val d'or.
At least we know that SDV will be profitable.

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The second chart was from GXY's EISA submission to Canadian authorities.

Monday's presentation said for JB:

Diligent capital deployment and bankable project definition work to culminate in an execution decision in H2 2020

... which still aligns with the timeline in their EISA submission. JB will not just produce and sell spodumene, but looks like will produce hydroxide as per Monday's presentation of "Downstream integration" for JB and as per details in their EISA submission ( which said something along the lines of "send the spodumene concentrate to Mitagami, then ship to an offsite location for further processing" ) which, reading between the lines from the EISA submission and Monday's presentation which indicated:

Global downstream location study expected to complete in Q4 2019.

Last edited by findinggems: 20/11/19

GXY Price at posting: $1.05 Sentiment: Buy Disclosure: Held
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