GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Activities Report, page-150

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  1. 2,853 Posts.
    lightbulb Created with Sketch. 996
    yes
    operating costs for 2020 will be a lot lower than the 391 for 2019 because 40% of the throughput in 2020 will be from the contaminated ore stockpile which has been expensed. So for 2020, 40% of the production will have zero mining costs.

    So it doesn’t matter if GXY is selling at 450 a tonne.
    Still making a profit even after royalties.

    meanwhile we all know AJM, PLS, A40 are all making a loss from every tonne they sell due to the interest they pay.

    not advice
 
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