Greatest run ever, page-22

GXY available as a CFD on CMC markets (GMM is not)
233-250mill mcap now

cannacord research today ;17/1/2016
GMM-ASX Spec Buy A$0.20 A$0.40
GXY-ASX Spec Buy A$0.09 A$0.16


Strachan Valuation GXY 30 NOV 2015

Opinion Strachan Corporate estimates that Galaxy will generate cash flow of $18 million by December ‘16 from farm-in payments and operations at the Mt Cattlin lithium-tantalum mine. With net debt to about $17 million, Galaxy is well placed to support ongoing development activities around the massive Sal de Vida lithium salar project in Argentina. The outcome of Argentina’s recent election is seen as being extremely positive for the development of Sal de Vida. Galaxy is well placed as a speculative buy in the lithium industry. Peter Strachan

Asset A$m $/shr Hardrock Li 125 $ 0.093 Sal De Vida 152 $ 0.113 Net cash (17) -$ 0.013 Admin (18) -$ 0.013 Total 242 $ 0.180

Strachan previous valuation was .055c on 14 may 2105