GXY 0.00% $5.28 galaxy resources limited

Based on current forecast - The average cash cost for MC in the...

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    Based on current forecast - The average cash cost for MC in the next few years will be around $400 per ton and probably a touch lower (when YOP is fully functioning) and average sell rate of $650 per ton. Total positive cash flow of $ 250 per ton x 200,000 ton = US $50 million p.a
    Is it sufficient to get SDV up and running in 3 years time (together with the current US $270 m in the bank)
    The other nuclear option is to divest James Bay - will probably fetch US$150 to 200 m in current market conditions.
    If that is the case, should have lots of surplus money to implement shares buy back or special divi and in the meantime support the SP valuation in short and middle term.
 
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