GXY 0.00% $5.28 galaxy resources limited

dressing plant access, page-4

  1. 4,446 Posts.
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    Yeah, this is basically what I hear has been the plan all along. It isn't always easy or straightforward using old mills, but it does help reduce capital costs somewhat. The comedown occurs during ramp-up when the old rusty bits fall apart and cost you downtime - this is where your engineers and staff in the mill have to be brainy and forward-thinking (proactive maintenance) and not yokels (reactive maintenance).

    Example: Gleneagle Gold

    I must say, all concerns aside, GXY is looking fairly damn cheap at mid 50's.
 
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