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clock Created with Sketch. 15/08/16
15:01
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Originally posted by nrcmedia
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Why would I be angry with you man...? You got nothing to do with production. You're just a spectator like me. What I said is valid. Galaxy is an investment in 'hard rock' mining. All you have to do is look at what the Chinese are processing...hard rock. If you want a brine project invest in Orocobre. You may not have noticed..but it takes 5-6 years to set up a brine operation in Argentina...or maybe you weren't paying attention when Orocobre started their project. If you are basing your investment in Galaxy on the eventual build out of a brine processing operation in Argentina..you are going to have a long wait...plus the fact that companies like SQM, Albemarle, etc aren't going to be sitting on their hands while Galaxy gets up and running. By the time the Galaxy project is supposed to be completed in Argentina the supply demand situation will have evened out and there will be a rude awakening in pricing. Your money...your time...do with it as you please. ...but just reading company guidance and dictating in neat paragraphs doesn't give you a vision...just an opinion.
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Not entirely true, if you go back to the video presentation Anthony Tse put out a few months ago, you will understand that management view Sal De Vida as an integral part of the companies future. Right now income is from hard rock yes, but don't underestimate the revenue stream that brine will bring.
