GXY 0.00% $5.28 galaxy resources limited

Ann: Galaxy Sells Second Shipment of Tantalum fro, page-7

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  1. 3,589 Posts.
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    re: Ann: Galaxy Sells Second Shipment of Tant... The Tantalum is only the icing on the cake,a fairly thin one at that.

    "
    "Ron Gilerman, managing director at A&R Merchants, which trades tantalum and other exotic metals, said the prices out of Brazil were at $80 per pound. He said another 50% increase in prices across the board in 2011 is in the offing."

    So, lets say $100 - $120, 17,000lbs would be around 2m."

    It seems like it may have been about 1/2 that amount.

    Best to e-mail management for any queries.

    [email protected]
 
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