Hi Nani, I am unsure how you believe GMM will be the better of...

Hi Nani,

I am unsure how you believe GMM will be the better of the two.

All going well GMM will have 50% ownership of Mt Cattlin and James Bay. That means that as well as GMM go with these resources so does Galaxy.

Then... Galaxy have Sal De Vida. A brine asset in Argentina which at full production will be 25,000 tonnes of Lithium Hydroxide plus 90,000 tonnes of Potash.

The construction for the plant was targeted at US$360 Million and recently the Argentinian peso was floated and it dropped 30% which reduces the initial cost outlay. At that old rate the complete build would be AUD $493 million (360000000 US Dollar equals 492940512.00 Australian Dollar)

The current spot price of Lithium Hydroxide is 140,000 RMB and continues to climb (140000 Chinese Yuan equals 29438.27 Australian Dollar)

If the Lithium Hydroxide price remains the same (which it wont) then per annum from SDV alone GXY will produce AUD $736 Million per annum..

All of a sudden that build doesn't seem so expensive and meanwhile GXY continues to reap the reward from GMM steaming ahead with Mt Cattlin and James Bay which produce 6% Li spodumene.

Can you clarify how GMM will be the better of the two?