GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Activities Report, page-158

  1. 200 Posts.
    lightbulb Created with Sketch. 19
    Hi NL - my understanding of the statements made yesterday is that they wish to keep Mt C cash flow positive (not to be confused with profitable) and in order to do so they will need to sell and ship at least 30000T per quarter (@US$450) to at least be cash flow neutral based on Alan mentioning that around US$13M is the estimated operating cost per quarter for the mine - if this is not achieved obviously Mt C will place drain on the balance sheet.
    Happy to be corrected if others interpreted this differently

 
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