Ann: Mt Cattlin Sales Update, page-55

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bobsacramento

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25/05/17

14:31

Post #: 24910227
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Originally posted by Thesi ↑

Entirely agree @bigdeano1977

Galaxy will be able to show the rest of the market how profitable the lithium sector can be.

Just a low ball assessment of the monthly export we might see..

(570 tonnes per day X 6 days ) x 4.3 weeks = 14,706 tonnes per month.

Mark it up to 15,000 tonnes then multiply by the minimum $830 per tonne arrives at US$12,450,000 per shipment or just under AU$16.6 million per month.

Multiply that by 12 months... and then adjust to Australian dollars and we have....

$200 million per annum before costs.

One thing I also noticed that slipped at the AGM and that was Martin Rowley mentioned something that sounded like Galaxy is moving into some kind of a tolling arrangement with any excess supply. - That should significantly boost those numbers.

KA-CHING!

I wish I had the figures they are selling the tantalum for. I am wondering how much of the production costs it might be offsetting. - This would go a long way to be able to see the profitability.

....but I think they will be doing ok with the revenue above.

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I am enjoying the intrigue of how much they reveal, and having to piece together the rest. Who wants to know every little detail? Praise AT and MR for keeping our imaginations intact.

Last edited by bobsacramento: 25/05/17

GXY Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Ann: Mt Cattlin Sales Update, page-55

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