GXY
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0.00% $5.28 galaxy resources limited

https://www.morningstar.com/articles/906036/lithium-price-concern...

  1. James56
    210 Posts.
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    22/12/18
    08:14
    Post #: 36942441
    https://www.morningstar.com/articles/906036/lithium-price-concerns-result-in-buying-opportunit.html

    A balanced view of what ORE price commentary really means.

    Simple really, ORE sold low quality product that needs more benefication prior to being useable as feedstock for hydroxide production. The added cost of this treatment must be taken into account when purchasing, or alternatively purchase higher grade spodumene IF IT IS AVAILABLE ON MARKET.

    For producers of high quality spod, such as GXY, it is really good news, not bad.


    DYOR people!
    GXY Price at posting: $2.07 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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