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GXY galaxy resources limited

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@Dosraki, This is your opening post? Starting a new thread none...

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The Dean

13,411 Posts.

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28/01/18

12:21

Post #: 30610216
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Originally posted by Dosraki ↑

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

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@Dosraki,

This is your opening post? Starting a new thread none the less. A comparison? First time poster...wow. A mind blower for a newbie I must say. Welcome anyway.
TD

GXY Price at posting: $3.48 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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@Dosraki, This is your opening post? Starting a new thread none...

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