GXY 0.00% $5.28 galaxy resources limited

south , page-18

  1. 1,335 Posts.
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    GZ, the timeline is the factor here. To quote the article you referred us to:
    "And Bolivia has no experience mining lithium.

    “They will need outside investors,” says Morales, a Chilean national unrelated to Bolivia’s president.

    Rockwood and Soquimich can sell lithium for about three times what it costs to produce because, until now, production hasn’t been able to keep up with demand, says Brian Jaskula, a lithium specialist at the USGS in Reston, Virginia."

    It was a beautiful day in Ravensthorpe today....sunny, perhaps 24 degrees...a few flies around and lots of yellow machines digging. It's a catch-us-if-you-can situation in my view. Galaxy is due to produce product in less than 12 months time, these other projects are, as the Bolivian dude said, "dreams."

    Sure, there will be competition. But in my view, an operational mine like GXY's (with a newly expanded resource base) is where I'd put my money, and that's where I HAVE put my money.

    ST
 
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