Nope, ORE expects to deliver to market in 2012. GXY will be mining in 2010 and processing the lithium at their own plant in 2011. A lot more advanced. A sales deal for the lithium will set this off..... just a matter of time I believe......... GXY has funding from Create to develop the project, ORE has a JV therefore will only have %75 of the returns... GXY will at this stage have %100 of the returns... As GXY has mentioned below.....
"One of the advantages of this deal is that no off take product is required by Creat itself and Galaxy is free to market its own product and thereby take advantage of the expected upward pressure on Lithium Carbonate prices."
Who has the better deal? Who knows. What I do know is that GXY will be having a return a lot sooner than ORE, and except the share price to reflect this in due course....
orocobre, page-2
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