GXY 0.00% $5.28 galaxy resources limited

Direct Extraction Tech, page-45

  1. 4,978 Posts.
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    Hey mate, seen that and also looked At Lake’s release today, capex enormous and costs looks high, and we all know the glossy stuff is generally optimistic. For this sort of investment I would like to see a payback of well under 5 years.

    IIR 22%, capex US 544m cost over $5000 per ton. Wouldn’t be counting my chickens yet on the lilac process.

    Maybe others will be more fruitful.

    Best wishes mate, you a one of the few posters that I look forward to reading their posts.

    GLTA.
 
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