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