GXY
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0.00% $5.28 galaxy resources limited

Citi's GXY target of $0.55!, page-4

  1. Alterego1168
    1,525 Posts.
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    18/05/17
    21:09
    Post #: 24780810
    Despite the strong growth in demand, Citi expects burgeoning supply will pressure prices towards a long-term outcome of US$7500/t for lithium carbonate and US$550/t for spodumene from the current US$12-15,000/t and US$900/t, respectively.

    Looks like potential for $550/t pricing in 2018... hmmm.... did think it may be 2019.......

    Now understand why target price dropped from 70c to 55c.
    GXY Price at posting: 46.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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