GALAXY RESOURCES LIMITED (ASX:GXY) - TA - Short Term Trading, page-1799 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Serpentis: ↑

I mean that's great and all, but 270million tons of 1.2% is what, roughly 6Mt LCE? MergeCo has 15.2Mt LCE, that's 2.5x as much.

PLS is a great company and they will make a fortune, no doubt. They are the best company to take advantage of the current market conditions and their MC is deserved. But they simply don't have anywhere near as much lithium as MergeCo, so looking ahead in the far, far future they don't have as much room to expand, which was my point. Maybe they'll make some big new discovery or acquire a new resource, I dunno. Though even if they can match MergeCo in resource, spod is a lower value product than even the primary grade from Olaroz. But then PLS can vertically integrate of course.

I wouldn't bet against PLS, and I don't have to, and neither do you. Buy both. All the big lithium players have plenty of room to run. I'm just nitpicking at this point.

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With my parental hat on, discussing the kids, I would say PLS has an edge on being able to get more LCE tonnes out of the ground sooner and sold at a great price. They also have plenty of exploration upside if required, but they don't really need it as yet. They are drilling the dead zone of land that was once between PLS and Altura which can now be mined and that looks to be high grade.

The merged entity may indeed have more LCE tonnes in the ground, and also current have a more "global" footprint. North America seems to be racing to get in the game and play a bit of catch-up which will serve James Bay very well. I look forward to the plans of Merge co. to ramp up their assets and pump out the tonnes for their projects a.s.a.p. I personally think that once the Merge is concluded and we start trading as ORE or whatever name / code is decided, that the SP will go higher as perhaps it's been a little controlled of late - even though has performed well.

Between the 2, I have the value of a nice house, and I am nervous as hell. Some here know my story. But I see too much blue sky for both companies and will be hanging on to a fair chunk of them long term. If they can both double from here over time, it will be very nice indeed!!!

Anyone who has made big money, or has done so on paper with PLS and GXY thoroughly deserve the rewards that come from such a tough time and huge trough that we all endured. The trick now seems to be not to give them away too cheaply, but also not be too greedy at the same time in the case of a broader market correction or Black Swan event. A tough thing to mentally balance. The decision to sneak a few off the table gets easier the higher we go. Hopefully the global markets hang in there for a while yet.