The properties ARE attractive, and they'd only be suckers if they paid far too much for them. The drilling was decent in terms of initial coverage, but didn't go down far enough in many cases. GMM proved there is a lot more resource down there, but they can only quote resource they can confidently estimate via drilling.
Keep in mind some companies are now kicking themselves after locking in pricing in 2015 for spodumene and it went up significantly, but they're still obliged to sell at the low price point. Spodumene's higher cost of production compared to brine, is the downside.
- Forums
- ASX - By Stock
- GXY
- James Bay
James Bay, page-5
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online