I remember these posts from the less than 10c days. Bringing...

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Thesi

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18/05/16

21:20

Post #: 17806375
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Originally posted by shades2 ↑

http://www.galaxyresources.com.au/projects/mt-cattlin

At full capacity, ore could be processed at a rate of one million tonnes per annum (tpa) with lithium oxide concentrate production of 137,000 tpa and 56,000 pounds (lbs) per annum of contained tantalum (TA2O5).

This website info needs updating I believe...

I think they were talking about running at night, which would bring capacity to 180k tpa

But let's work with these (older) figures anyway..

I'll say $700USD per tonne is possible here for spodumene concentrate at around 5.8%

700 * 137,000 = $95,900,000 USD

$191 USD a kilo for Tantalum = 25401 kg * 191 USD = $4,851,591

95.9+4.85 = $100.75M - Operational costs / admin (At what I think is a generous 15% figure)
= $85.6374M USD

Convert to AUD (At current exchange rate) = $117,609,573

Divide by two, for GMM / GXY = $58,80M AUD per annum

That is just ONE project. Cattlin, and notwithstanding any processing improvements that are made with mica removal circuit / Tantalum recovery circuits etc.

Then there's James Bay, which for simplicities sake I regard as roughly the same production, then there is SdV on the horizon also.

So when a company with such low expenditures, is producing almost $60M AUD a year, with a mine with a minimum 17 year operational life, Getting finance / JV to build out JB and SdV starts becoming pretty easy to justify.

Also read this for updated figures:

http://galaxylithium.businesscatalyst.com/media/presentations/20160411GalaxyPres.pdf

"Target production for 2017 c.150,000 tonnes"

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I remember these posts from the less than 10c days.

Bringing back some memories of when I should have robbed the local woolworths.

GXY Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
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I remember these posts from the less than 10c days. Bringing...

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Utah authorities sign off on Anson's lithium extraction plans at Green River

Vulcan appoints investment bank and M&A veteran to board

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Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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