GXY
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6.40% $3.51 galaxy resources limited

Whisky,SDV and James Bay will not be making a profit for some...

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  1. porker
    500 Posts.
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    28/02/19
    14:28
    Post #: 37604430
    Whisky,

    SDV and James Bay will not be making a profit for some years yet will be sucking cash. If FY18 is any indication of cash generation out of MC it will not be enough offset the burn. It seems to me GXY will have a cash deficiency to fully develop SDV (let alone James Bay) hence the need for a partner. But I am sure you already know that.


    P     
    GXY Price at posting: $2.16 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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