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$5.28 galaxy resources limited

Which is the better investment GXY or ORE, page-3

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Bux436

316 Posts.

188

18/10/17

16:33

Post #: 28005267
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Originally posted by champers ↑

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

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What % do ORE own of projects?

Galaxy may eat ORE whole in the future. Hope ORE looks after our future assets. Thanks.

GXY Price at posting: $3.64 Sentiment: Buy Disclosure: Held
20 Upvote

0 Great analysis

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