GMM 0.00% 65.5¢ general mining corporation limited

What is the major different between GXY and GMM?, page-37

  1. 6,849 Posts.
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    I don't think it is right to say that any company will have the same issues as ORE. Especially when the guy running SDV came from FMC next door which was and is fully functioning. It makes your statement irrelevant. Sorry.

    Re funding. I am not sure if you saw an earlier post I made.. But essentially the construction costs are down 30% based on the drop in the Argentinian Peso. Also even at the previous price the total cost for a complete build is less than half the annual income projected.. If you could build a house and rent it out for double the overall cost in the first year are you going to have trouble receiving finance for the build?

    GMM is great. But rock only is restrictive. Especially when it is such a low grade. It's good in their announcement that they mentioned this:

    "General Mining and Mitsubishi to explore processing opportunities for downstream
    processing in order to jointly share in the benefits of value adding to sales of
    spodumene concentrate from Mt Cattlin."

    It will be of great benefit to both GMM and Galaxy to have that kind of alliance.
    Last edited by Thesi: 06/01/16
 
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