Poor investor relations performance?, page-59

@Thesi

Good read on Galaxy on their website:

http://www.galaxyresources.com.au/Investor/reports/20151216-CanaccordResearch.pdf

Highlight on subject of Mt Cattlin:

"We estimate average LOM production costs of US$342/tonne of spodumene concentrate, net of tantalite by-product credits of US$137/tonne (assumes tantalite price of US$75/lb and AUDUSD:0.69 from 2020)."

That's $479USD/tonne excluding credits for the material you have previously said is worthless.

If James Bay is going to be a replica of this, I don't think PLS will struggle to enter the market.

But then I also wonder how James Bay can be a replica of Mt Cattlin with a completely different deposit and operating conditions?

Also you keep applying a $600 per tonne price for spodumene in your "Analysis" but that's what Galaxy received for a 5.5% concentrate which is below the market standard 6.0%.

PLS will produce 6.0% and 6.5%.