Hi folks,
GXY is 5 days green in a row, and these prices are still a bargain. But not for long. It's about time that the market give some respect or give a more accurate valuation of the new Lithium Triangle. It is absurd the GXY shareprice is lazy at $2.15 per share, which is 35 cents lower than when we made our first shipment in January. Did we do anything wrong to deserve a SP that is lower than a piece of avocado or a cheese burger? Are we just drilling dirt and nothing but a messy dirt? Why is our SP only 4 times our annual revenue at Mt Cattlin? Not even taking into account JB and SDV. We're now shipping ~15,000 tonnes monthly, production's been optimised delivering in excess of 60% recovery, and this at 2017 contract prices averaging about USD860/tonne or A$1,150. And round the clock news indicate a great shortage of lithium. It's about time people stop feeding the shorters for the heartaches in recent weeks.Every galaxian has a responsibility to do a heavy lifting in the coming weeks. Cannocord has erected the flag at the finish line with a large sign of $4.00. Get fit, run the race to the finish.
So where's the new Lithium Triangle? You guessed it right, It's right here at our doorsteps!!!
Mt Cattlin, Australia - generating
$200m revenue and $100m free cash flow p.a.
James Bay, Canada - 22.2m tonnes and deposit is growing fast. With recent drills returning an ave thick pegmatites averaging 40 meters at 1.64%, this has been described as a monster deposit. Stay tuned for drill results for the next 21,000 meters.
The assays will be announced any time, any day!
Sal De Vida, Argentina - one of the biggest brine project in SA. It will pump soon, ponds under construction.
Lithium triangle picture below for the benefit of new galaxians.
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