Moo, I agree to an extent regarding the horse and cart / chicken and egg scenario. You're damned if you do and damned if you don't as a company in this position.
Galaxy will have a guaranteed supply of lithium once both plants are up and running. The battery plant will be funded from Chinese loans, not investor funds. The battery technology specialists are lined up, the market demand in China is gearing up. As I have said before, Galaxy are someway ahead of the rivals and being first to market is crucial in this industry.
South America is a long way from China. There is also the quality of supply to consider...
GXY Price at posting:
29.8¢ Sentiment: ST Buy Disclosure: Not Held
