GXY 0.00% $5.28 galaxy resources limited

galaxy resources, set to `make money' in 2011,, page-2

  1. 704 Posts.
    Again only mention of a 2011 production, but very little readily available on progress at the site. One thing to dig it out, another to have some where to process it to salable Lithium Carbonate. In recent announcements progress at the site has been conspicuous in its absence, showing only a pre-prepared site. This to me is why the price has stagnated at this point. I am bullish on this stock and realise things happen quickly or slowly in China, so will just have to be patient waiting for a set production date. Just my thoughts.

    "plans to start producing concentrate from the mine at Mt. Cattlin in Western Australia this month and expects the first shipment to the processing plant in the Zhangjiagang Free Trade Zone in Jiangsu province in November, he said."
 
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