@sampreap if you forget James Bay and Sal De Vida and just compare that they are 2 stocks with 50/50 in Mt Cattlin that is producing you will find that General mining is significantly undervalued. The costs of James Bay will however be able to be covered by both companies and for Galaxy Sal De Vida is pretty inexpensive in comparison to the return on investment and maybe people see the same story I do that General Mining will continue their Alliance at Sal De Vida with Galaxy Resources with a buy in of 20 - 30% which when you consider the overall return of investment rapidly eating away at any costs its not even worth considering.
Though even Galaxy is undervalued and is awaiting the DFS for Sal De Vida to be issued between May and June.
The lithium price is continuing to rise and other than ORE Orocobre these ones have their hats in the ring and make some solid inroads before most of the other ASX listed miners. Plus between them both, Galaxy and General hold a hell of a lot of lithium resources. - Anthony Tse's presentation http://www.galaxyresources.com.au/media/announcements/435z8p3nybmjyk.pdf
Page 8, indicates a combined total of 40,000 tpa of LCE the rest are not clear or just don't have very much. Check out Orocobre at 12,000 tpa and they are $3 a share.
There is a lot more, but if you check out the conversation between myself and @airconditioner yesterday it may answer a few questions on our perspectives.
GMM Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
