smartest thing to do with the $61m after paying trade creditors is to plough it into SdV. If that means shutting down Ravensthorpe because of working capital shortages, so be it. Mt Cattlin is quite well positioned to be a swing-producer for the new ALB-Tainqi hydroxide plant in Kwinana which I suspect may have a little bit of spare capacity but what would I know my name is knob. Other sources within the catchment area would include Mt Marion and Mt Holland.
I'm going to poke myself in the eye with a bone if I read any more nonsense about mica, iron, petalite etc....Four spodumene concentrators within economic haulage distance of Kwinana provides plenty of feedstock blending options.
SdV is where the future value is for GXY
GXY Price at posting:
56.0¢ Sentiment: None Disclosure: Not Held
