no, the takeover of Lithium One was a right step..this brine is a great asset and worth billions of $$$ ..thats why i still hold this stock ..a good decision would be produce sprodumene from this brine (not building a plan)and use this cheap sprodumene as feed for the chinese plant (is shipping costs are not too high, but i don't think this would be a problem) Profit margin would be huge.. they could use this cashflow building a plant later nearby the brine
..value is there, GXY only needs to realize these value
GXY Price at posting:
10.7¢ Sentiment: LT Buy Disclosure: Held