GXY
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0.00% $5.28 galaxy resources limited

GXY has a mine that produces spodumene. Cash flow is positive,...

  1. champers
    156 Posts.
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    18/10/17
    15:35
    Post #: 28002996
    GXY has a mine that produces spodumene. Cash flow is positive, current debt covered by COH. Future growth very very positive with tenements in Canada and Argentina. Will require big capex to develop and maximise its potential.
    Versus
    ORE actual producer of lithium. Capex already spent on plant. Cash flow positive. Typical start up plant processing problems now resolved. Now with a proven model can expand its operations (double). Has a current cash bleed with its Borax mining operations.
    As this is a GXY forum try to be unbiased in replies
    GXY Price at posting: $3.59 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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