Hi All,
With the Australian Dollar currently trading at 71c to the US Dollar and the Argentine Peso
trading at 36 Peso to the US Dollar, this may be an advantage to Galaxy, as the company is paid in USD from both China and POSCO, ($280,000,000)
So, any cost within these two countries, (Australia and Argentine) may be lower for Galaxy as the company continues with any developments and activities.
On the subject of the quarterly report, do Galaxy still supply a quarterly report?
As Galaxy is now a producer, (Mount Cattlin)
Or
Do Galaxy produce a Quarterly report as the other two mines, Sal De Vida and James Bay are still in the development stages?
In the short term, it would be a positive if the Lithium prices moved up, followed by one or two Galaxy Ann’s dropping in!
Reserve Bank of Australia. (17-10-18) Australian Dollar
https://www.rba.gov.au/statistics/frequency/exchange-rates.html
Bloomberg. (17-10-18) Argentine Peso
https://www.bloomberg.com/quote/USDARS:CUR
DYOR
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