And closer to home those who think the Lithium market is over supplied and can't see the upside for GXY!
When discussing pricing assumptions in the PLS DFS;
"But these figures do appear to be broadly consistent with anecdotal evidence we have heard from a number of market participants that Mt Cattlin (a spodumene mine in WA owned by Galaxy Resources) is likely to finalise its spodumene offtake agreements for CY17 in the next few months and the agreed price could potentially be as high as U S $ 8 0 0 - 1 , 0 0 0 / t . Again this figure should not be relied upon until it is confirmed as this type of anecdotal information is often unreliable. It’s also important to note that Mt Cattlin produces a lower grade 5.5% concentrate ......"
Source: Blue Ocean Equities report on PLS DFS released 26/09/2016
I wonder how the share price will react if GXY announces a 33% to 66% increase in price?
Well I can't see it going down IMO!
GXY Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
