GXY
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0.00% $5.28 galaxy resources limited

Shifting momentum, page-98

  1. shades2
    2,768 Posts.
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    24/05/16
    21:04
    Post #: 17856096
    Sorry, another correction. I have to adjust for current exchange rate to AUD. (Curently 1 USD to 1.40 AUD) so 60,000 metric tonne required, not 80k.

    First stage is likely to produce 25,000t per annum, (maybe more?) so $450,000,000 AUD or so. Then you have to deduct operational costs / taxes etc. It's obviously not pure profit which we must remember.

    http://www.asx.com.au/asxpdf/20160411/pdf/436f646xcvr27z.pdf
    GXY Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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