GXY 0.00% $5.28 galaxy resources limited

This is dead set sensational reporting from this b... head. This...

  1. 495 Posts.
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    This is dead set sensational reporting from this b... head.
    This is not iron ore where the content is 55 % FE, and there are many iron ore mill in China near the port for this type of bulk operation.
    Like gold , only 1.5 to 2 % of the ore content is Li - is simply not economical of what this b.. h is reporting --- the fleet is ready to mobilise, jump off from their iron ore operation !!!.
    Where are the Li processing plants in China - are there any ? or has spare capacity or right next to the port where they stockpile the iron ore ?
    It is a 2 to 3 years away proposition (by that time GXY low cost brine will be in full operation - future assured) where they need to build a processing plant like PLS, no if or but -- what happen to PLS idea of shipping ORE to China. - simply NOT ECOMICAL full stop.
    Is this b...h also suggesting that the massive Li processing plant proposed in WA is dead in the water ? I don't think so.
 
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