GXY 6.40% $3.51 galaxy resources limited

GXY - No debt- A war chest of more than US $270 (or more?)- A...

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    GXY

    - No debt
    - A war chest of more than US $270 (or more?)
    - A producing mine that just had its known reserve upgraded by 42%
    - One of the world's biggest and highest quality undeveloped lithium brine deposits, for which the co. has received several offers of deals/JVs
    - A third mine project on the way

    LITHIUM

    - Accelerating growth in the EV market
    - Accelerating growth in home battery storage
    - Several industrialised powers planning to phase out ICE vehicles (Germany, China, Norway etc)


    Anyone want to seriously argue that $2 Aussie is fair value for GXY?

    It's March. Let's see where we are at in July.


 
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Currently unlisted public company.

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