Looking at my numbers Galaxy only requires 7,085 tonnes of spod to complete 2017 contracts. This is based on a +/- 10% rule given to us (can't find the reference right now).
So looks like 2018 contract pricing will be announced very soon, perhaps with the final shipment of 2017 in December. This would align with last years pricing announcement.
Also if 7,085 is delivered to complete 2017 contracts this would leave roughly 10,000 tonnes of spod to sell on the spot market this year. ???$$$???
Very happy with progress and look forward to the improved recoveries in 2018 and production levels reaching 250,000tpa at +$US1000/t. Some may recall Mr Fotios making reference to these production numbers awhile ago..
GXY Price at posting:
$3.92 Sentiment: Buy Disclosure: Held
