GXY 0.00% $5.28 galaxy resources limited

I hope this drops today!! I’ll be backing up the truck if it...

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  1. 139 Posts.
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    I hope this drops today!! I’ll be backing up the truck if it does.

    500 million market cap and I’ll be buying:

    - 300+ million in cash
    - world class sal de vilda asset
    - existing Mt Cattlin mine with nice cash flows
    - James bay

    Fair value would be triple what it’s trading at today. Give it a few years and we will be at $10 once lithium surplus turns to shortage / balance. Yeah I’m speculating a little but the risk to potential reward here is so good for those who can be patient.

    One shipment delayed by a couple of weeks, that’s it. Not a big deal and doesn’t really need much explaining by management in my opinion.
 
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