Benjamin Graham, Warren Buffet's mentor, said that" the market in the short term is a voting machine but in the long term it is a weighing machine. " The scale on the weighing machine is value and it is argueable that the significant proportion of value is profit.
I appreciate that others may view value in a share such as GXY as development milestones in the company's journey to completion which derisk the overall project but the ultimate value of the completed vertically integrated company is its ability to make profit.
Once the ability of the carbonate plant is qulified, then one can reasonably make forward estimates of profit and ultimately share price based on these fundamentals. The derisking stepping stones which for you are fundamentals, for others may be a means to the fundamental end of making a profit.
Cheers to all holders & the best of luck leading up to the results of the carbonate quality which the plant is capable of producing. This ann. should be only weeks away.
Moorookamick Turin.
GXY Price at posting:
29.5¢ Sentiment: Buy Disclosure: Not Held