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So is it worth buying gxy or better to put monies into DSO. With...

  1. Sentrypetal
    2,693 Posts.
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    14/06/17
    20:20
    Post #: 25278021
    So is it worth buying gxy or better to put monies into DSO. With low oil prices shipping is negligible, maybe $10-20 additional a tonne (assuming iron ore charter rates). So assuming 2% lithium conc you need to ship 50 tonnes to get 1 tonne of lithium. So additional $1000. Chinese can probably process at 25% of the cost in Australia. At $10000 a tonne for lithium DSO might be worth it.
    GXY Price at posting: $1.76 Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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