Agree Heeman, now only a 50% earn in, still happy with that.
From past GXY ann.
Marketing Updatearrangements.
In conjunction with its partners at Galaxy Resources, General Mining is in
communication with a number of Lithium and Tantalum concentrate buyers
and traders about product off-take from Mt Cattlin.
With a very short lead time to production, the Company is seeking firm
commitments to buy and consequently expects talks to continue for a
further number of weeks. Given anecdotally tightening supply conditions
into Lithium Carbonate refiners in mainland China, GMM anticipates its
early mover advantage will be of significant value in finalising these
Just need to see the size of these off-takes to fully calculate value to both.
Timing could not have been better for GMM entry.
Agree Heeman, now only a 50% earn in, still happy with that....
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