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$5.28 galaxy resources limited

Astronomical margins, 99.99% purity How much would you expect to...

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Facthunter

11,070 Posts.

815

09/12/16

16:32

Post #: 21235049
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Originally posted by Thesi ↑

Albemarle could be considering a long term offtake arrangement with Galaxy at Sal De Vida.

Though as you indicated @airconditioner there could be many players lining up to place their bids at securing what is considered one of the best brine resources globally primarily because of the low to non existence of magnesium which makes it a lot easier to produce a high grade product.

Rocks are good, but brine done right is better and reduces transportation costs with the right set up.

8 tonnes of spodumene vs 1 tonne of a final lithium grade up to 99.99% purity.

The margins are astronomical.

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Astronomical margins, 99.99% purity
How much would you expect to pay for this.
Thats right folks just 50.5c a share but hurry stocks are limited they wont last long.
But wait you also get a free james bay in the package.
Thats right folks a free james bay.
Dont send any money place an order with your broker.

GXY Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
15 Upvote

0 Great analysis

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