Galaxy Resources - Sal De Vida, page-3

Hey @Thesi

How do you look at the unused tax losses in term of our valuations and do you feel like the market is missing the fact that we have approx 200 mil of tax losses?

As for SP, im glad we are being scrutinized now rather than later, just watch as many competitors come in under expectations, and costs are higher than projections. (Hint: it always is) And I've been digging into previous history of management of multiple of our competitors, and let's just stay that many of them are over-promising and exaggerating on their timelines, and their ability to become low cost producer without actually exercising any patience. (talk about being over-leveraged for the sake of rushing production)

AT on the other hand is a realist, and many don't like his patient, methodical approach. But when SDV is up and running, we will be able to out-compete some of these bloated, rushed to job companies. And then they will be learning the lesson, that GXY learned early on with Mt Cat and Jiangsu.