GXY 0.00% $5.28 galaxy resources limited

General: Share Price, Trades and chart related discussions, page-1644

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    Note the concentrations of Li2O, that has to be raised to about 5.5% or 6% with 5% Mica for the new plant.

    100kt at 1% is only going to yield 18.2kt of 5.5% 0.8 is only going to yield 7300tonne. Grand total is 25.5kt.

    Presumably if the mine / plant is all working to _perfection_ in December they can mine and run another 100kt or so, and feed it through the plant to get a total of 45kt?

    I think it's a tall order to do all that, and get it on a boat in December, so I think first shipment is maybe 25kt, followed up by another 20kt, but I'm just guessing, what do I know? I feel that will be a Jan/Feb delivery for the second part. This is all just speculation, the figures may even be wrong. They are also talking about fines here.

    You bought at a great time Wazdan. Might as well sit on it for a few more years as it will go places, but in the short term I think SP is going to trend down, nothing has stopped it so far.
    Last edited by shades2: 24/09/16
 
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