GXY galaxy resources limited

GXY vx PLS Resource Comparison

  1. 6 Posts.
    Pilbara Minerals
    - Pilgangoora Project: [email protected]% Li2O = 1,953,750 tonnes

    Galaxy Resources
    - Mt Cattlin: 16Mt@ 1.08% Li2O = 172,280 tonnes
    - James Bay: [email protected]% Li2O = 284,416 tonnes
    - Sal de Vida: 214,000 tonnes
    - Total = 670,696 tonnes

    Conclusion: PLS has approximately 3x GXY's resource with a similar market cap (PLS = 1.66 billion to GXY = 1.42 billion). Galaxy's costs and administration will be spread over three projects in three continents compared to Pilbara's one higher quality project. My questions is this: why do y'all Galaxy holders think you have a golden goose because to me it looks like a chicken (at least in comparison)?

    Sources:
    http://www.galaxyresources.com.au/media/announcements/43dmt787m9bckl.pdf
    http://www.galaxylithium.com/projects/james-bay
    http://www.galaxylithium.com/projects/sal-de-vida
    http://www.pilbaraminerals.com.au/site/investors-media/why-invest-in-pilbara-minerals
  2. This thread is closed.

    You may not reply to this discussion at this time.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.