The two combined together was a huge plus for Galaxy being as they don't have to split income. I think with the together it should put share price in the $.65-.75 range and with the DFS out it should add at least a few hundred million to the market cap. Especially if the DFS comes out with all the financing approved which I could have swore that I heard that was part of the deal. With the two combined companies it may them eligible for the loan to get started on construction. That will be a huge value add as well. The fact that they will be doubling production hasn't been priced in yet either. Everything has been on hold until this merger is finished. They are looking at 100,000,000 net revenue on the low end. I think they should be able to negotiate closer to $1000 a ton with prices going up again in fall. That would put net closer to $150,000,000. That would mean Mt Cattlin alone would be worth $3-5 billion. Giving us a $1-2 share price
GXY Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
