Just finished watching it.
Another cracker of a performance by Mr Tse.
Some quick notes - :
yep. Anthony drives a Tesla
Galaxy has a client base of 40 customers
Negotiations for new pricing has already started
Profit of $80m usd next year (based on 160kt production)
Shipment is in December
Profit margin is at $400/t (usd I assume) for a predicted next price of higher than $700/tUSD
Galaxy in talks about a possible strategic JV that pays for SDV. Financing not considered a problem.
160ktpa from Mt Cattlin is the 50% recovery rate - plans to improve to 70% through the year.
Plans for James Bay include possibly also building a nearby carbonate or hydroxide processor ( for you @Thesi !!)
Not expecting other hard rock entrants for 2 years
Chinese hard rock processing capacity is currently 2.5-3 times more than supply (including Mt Cattlin and Mt Marion)
Demand to continue to outstrip supply as most of the lithium development projects have struggled to find finance quick enough and are at very early stages - pre DFS etc.
Chinese setting price globally but Galaxy in great position with desperate customers for at least 2-3 years with hard rock.
Preferred plan to deal with a large client (automaker?) for SDV.
VW's plans alone add 90kt of additional lithium carbonate/hydroxide supply requirement.
Severe medium-term shortage possible.
