GXY 0.00% $5.28 galaxy resources limited

Ann: Strategy Briefing Day, page-67

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  1. 3,469 Posts.
    lightbulb Created with Sketch. 3030
    I personally believe based on research that GXY's SDV tenements hold a lot more than 2.5mt LCE of reserves.
    Thats enough for 50 years at 50ktpa LCE.
    There comes a point at which further drilling to define a larger resource adds no real value apart from bragging rights.
    I think the company's resources are best utilized with moving forward with production.
    Take a look at how additional gains on NPV calculations drop off after 10 or 15 years of production.
    Last edited by Sjlasx: 10/11/19
 
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