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.
GXY Price at posting:
19.7¢ Sentiment: Buy Disclosure: Held