GXY 0.00% $5.28 galaxy resources limited

Wow - looks like short covering happening! But it'll come down...

  1. 1,525 Posts.
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    Wow - looks like short covering happening! But it'll come down eventually.. what goes up must come down.

    Just doing a bit of research as been out of loop...looks like GXY is a pretty high cost producer.. given MIN is selling their 6% concentrate at $840, with faster shipping time from port hedland, it looks like MIN has a huge advantage over GXY in terms of price, delivery time, and mine life.

    Wonder if MIN can bring their LCE costs down to the $4000s or less

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    Last edited by Alterego1168: 05/07/17
 
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Currently unlisted public company.

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