Ann: Mt Cattlin Mining Approval Granted , page-15

"Compared to GXY's main competitor Orecobre (ORE) Galaxy has so much more going for it.

They're building the world's cheapest lithium production plant in China which ORE is not.See GXY is smart enough to say hang on why should we mine the precious lithium and send it there to process at cheap costs. I know let's build our own bloody plant."

That's because ORE doesn't need such a plant. ORE have the lithium carbonate as brine pumped straight out of a salt lake which they evaporate in the sun then filter to remove other chemicals. GXY doesn't have lithium carbonate they have hard rock spodumene which they then need to crush, mill, concentrate, then ship to china to bake at 1000 degrees with sulphuric acid for several hours. Does it really sound smarter to build such a plant when you could just pump it straight out of a salar?

When brine production of lithium first started just about every spodumene producer went out of business. Spodumene production is only viable while it suits the brine producers to keep prices elevated.

A bit worrying that there seems little understanding of these processes even among investors with money behind it.