I think what gets missed is MC was never going to be a huge cash cow , it's a relatively small operation and this FY the average SPOD price is likely to be lower.
In a good year it will do very well and a poor year hold it's own.
What MC does is provide a solid long term income stream to built a Company around.
Combined with its large cash position and no debt, GXY now is in a very strong position with regards to moving forward with SVD and any other processing options, with LPD for example...in fact any other options that might appear.
It's a great position for any Company to be in given the likely medium term future for Lithium....were not scrambling around diluting the Company to within an inch of its life with endless CR's just to keep the lights on...those days are behind us, it's now putting the cash we do have to maximum use...
Cheers Whisky
GXY Price at posting:
$2.13 Sentiment: Buy Disclosure: Held
