Yanlin,.......now you have forced me to look at AGY and PLS. Agy has had recent jump with it's first production of a small amount of carbonate but even with that is still at MC circa 65 - 70mil so i would suggest still an element blue sky. PLS is now producing and the company put out a readable quarterly cash flow which was actually slightly positive for the march quarter unlike GXY which didn't even disclose it's SC6 selling price. The other thing that caught my eye was the fact that PLS has tantalum credits and is talking FOB cash cost for spod of 270-300/t as opposed to GXY which I think was talking about 395/t. PLS also has a much bigger resource compared to MtC. I have only spent limited time looking at PLS but I can see why the market would think PLS a better bet than GXY. Additionally it is not as though PLS has been immune to the ravages of the lithium sector as it's SP has halved in the last 12months.
P
GXY Price at posting:
76.5¢ Sentiment: Hold Disclosure: Held
