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Ann: Quarterly Reports - June 2017, page-30

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stardestr0yer

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17/07/17

16:32

Post #: 25911885
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Originally posted by stardestr0yer ↑

You hit so many points as to why this will do well from next quarter onwards. So many have just looked at the bottom line and none of the commentary that will directly improve the bottom line next quarter! This included the Ninja himself... So taking into account the below alone:

With the shipment in April, Mt Cattlin completed:
• its 2016 contract off take supply obligations priced at US$600 per tonne; and
• repayment in full of all prepayments advanced by customers.
All subsequent shipments are based on 2017 pricing terms of US$830 per tonne for 5.5% grade lithium concentrate, rising to US$905 per tonne for 6.0% grade product.

So lets use the bottom figure, we will get like a 40% increase in receipts based on the same volumes being mined... let alone anything extra from scaled up production. low volume in sales.. expect this to recover once analysts release their reports.

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And Joe Lowry just gave it the thumbs up which it deserved!

GXY Price at posting: $1.85 Sentiment: Hold Disclosure: Held
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