GXY 0.00% $5.28 galaxy resources limited

Ann: Galaxy to sell SDV northern tenements to POSCO for US$280M, page-381

  1. 1,280 Posts.
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    "I got the strong impression at the AGM from MR that LPD would be concentrating on shipping ore from Portugal to process in Canada. He seemed to put cold water on any involvement at MC."

    No I don't buy that Jehosephat- Why place the Mt Cattlin Ops Manager into the board of LPD then?.... Looks to be a dual feed strategy IMO of MC & Portugese concentrates.

    @Thesi @Sharpey - Great posts! If I had to lay bets. I'd say it would be in the region of 50% of P1 capacity coming from MC concentrate, on a tolling type arrangement. In exchange for a little helping hand to get the plant/funding/customer base established. Good margin for GXY it's a win/win....
    Last edited by Welsho54: 11/06/18
 
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