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$3.51 galaxy resources limited

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joey72

644 Posts.

30

03/10/18

20:10

Post #: 35984045
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Originally posted by Battleship ↑

IMO Galaxy Resources is the best Lithium play on the ASX

1 producing mine, bringing in very handy cash which is currently undergoing developments as well as extensive exploration in the area, which is very prospective.

Owns one of the best brine projects in the world. Low magnesium/impurities if im not mistaken which makes it the lowest cost project as pointed out by Ninja Tuna. With a mine life of 40 yrs, will be HUGE.

James Bay in a prime location position with spodumene on the surface, 40Mt with plans to have downstream processing as well as likely Lepidico involvement.

Strategic Alliance with Lepidico which will produce battery grade carbonate from our taillings.

Plenty of cash in the bank and connected with the biggest players in the world.

Very competent management.

Undervalued.

Primed to capitalise on supply shortage and high demand.

SO FAR owns 100% of all it's assests unlike Orecobre with toyota.

Will not have problems faced by upstarts like PLS, TAW, KDR, AGY, SYA

Am VERY excited for the Lithium Samurai Mr Tse to bring home the goodies

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Undervalued is an understatement

GXY Price at posting: $2.68 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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