GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin Production Update, page-18

  1. 2,853 Posts.
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    Yep 15kt per month is around 180ktpa which is already higher than 160ktpa forecast for 2017.

    As we're delivering on an old contract, there is no need to ship them 6% concentrates for obvious reasons.

    After we're done filling the remaining of the 45kt owed, we'll be shipping 6% concentrates from then on selling at 905 dollars per tonne.

    Dug up the announcement on 14 Dec 2016, and by then we were already producing at 5.8%-6.4% Li2O, after changes wer made to the flowsheet design. So i'm confident we can make the most out of the new contract.

    Again happy with the speed that AT and team got Mt Cattlin to almost full capacity. With this record, we'll probably be producing LCE earlier than Cauchari.

    Probably have to buy more shares on this announcement. Plus suspecting that we may have more than 100 mio of orders for 54 cents behind the depth, seeing that we were more than 2 times over subscribed.

    DYOR but follow the fundamentals
    Cheers
 
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