GXY 0.00% $5.28 galaxy resources limited

share/price comparable companies

  1. 141 Posts.
    This discussion is to find a company that is currently comparable to Galaxy. To observe what investors are gauging lithium companies at.

    Talison Lithium Limited (Perth, Western Australia)-Appears to be somewhat similar in
    Market cap-$407.03million
    Galaxy will be closer to $500million

    Commencing in early calendar 2012, the next phase of the project includes an engineering study of a 20,000 tonnes per annum lithium carbonate plant located in Western Australia. Estimated cost is +200million if kept on budget
    -17,000 TPA for Galaxy. Already built & on budget. Less than 200million, if memory serves me right. 170-190mil? (maybe someone on the board, has that number.)

    Talison Lithium is currently producing 'chemical grade' lithium only.
    -Galaxy will be producing Battery Grade. This is where Galaxy outclasses them, in-terms of the product's selling price point.

    Talison doubled concentrate production this summer. +$

    Talison's S/P over the past two years has been from, $7.00-$3.00
    No debt.
    +80million cashflow

    ______
    Has anyone found a better comparable?
    From the data gathered.. Once Galaxy ramps up production, clears debt, the share price should reflect above $2 quite quickly.
 
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