Member Info for sniffer78

You have a cracker of a RNS +

GXY Quarterly out in next couple of days, GXY will be cash flow positives in next two months or sooner imo ;-)

Couple of months and Galaxy will be cash flow positive ;-) hope your well mate ATB

All coming together ;-) 795 tonnes produced $6500 per tonne = $5.1 million. and for September for the quarter = $13.2 mill 632 tonnes sales $6500 per tonne = $4.1 mill. and for September quarter = $11.8 mill

Perth, Australia 11 October 2013 GALAXY REPORTS RECORD PRODUCTION  Jiangsu Plant achieves record production month of 795 tonnes in September  Total production for the September quarter at 2,040 tonnes  Sales volumes of 632 tonnes for September  Total sales volume for the September quarter at 1,816 tonnes  Record high monthly volumes of battery grade production and sales  Steady ramp up at Jiangsu Plant indicates sustained improvement in production and sales Galaxy Resources Ltd (ASX: GXY) (“Galaxy” or “the Company”) is pleased to announce its best ever production and sales month at its Jiangsu Lithium Carbonate Plant (“Jiangsu”). In September, Jiangsu produced 795 tonnes of lithium carbonate, which is a monthly production record high for the plant. Production volumes recorded for the quarter were at 2,040 tonnes, a 15% increase quarter-on-quarter versus the quarter ending June 2013. Importantly, 1,373 tonnes or 67% of volumes produced in the September quarter were battery grade, which is a 95% improvement quarter on quarter. Sales volumes for the month of September were 632 tonnes, another monthly record high. Sales orders achieved for the month were impacted by seasonality in customer demand due to the Mid-Autumn Festival Holiday, and also the weeklong National Day Golden Week Holiday in early October, when most businesses and manufacturing operations in China close down. For the September quarter total sales volume was 1,816 tonnes, representing a 9% increase quarter-on-quarter versus the June 2013 quarter. Also significant, battery grade sales continue to increase and now comprise 64% of total sales volume, representing a 70% improvement quarter on quarter. Galaxy Interim Managing Director Anthony Tse said that “the production and sales records achieved for the month to complete the quarter were very encouraging and indicated that strategies being implemented at Jiangsu to improve operating efficiency were proving successful. The record production and sales volumes for September and for the September quarter are a strong indication that the ramp up at Jiangsu to achieve a positive operational cash flow and steady state design production capacity is on track and progressing well. The record tonnes produced by Galaxy in September demonstrates that the ramp up and efficiency strategies that the new management team have introduced at the Jiangsu plant are having a positive impact on production levels, particularly given the sustained and steady increases seen over recent months. We are firmly on track to achieve our aim at least a cash-flow break even status at Jiangsu this year and the robust demand for Jiangsu’s product and improving production results further underpin our ability to achieve this,” said Mr Tse. The record September rate represents an annualised production rate of app

Galaxy revenue around $5.5 million per month by December/January they will of finished ramp up and revenues will be around $9/10 million per month with profit of around $2 mill per month ATB

The Company confirms that production levels at the Jiangsu Lithium Carbonate Plant (“Jiangsu Plant”) continuing to increase according to the recent timetable advised to the market, and the Company remains confident of achieving a cash flow break-even status this year. The Jiangsu Plant has a nameplate production capacity of 17,000 tonnes per annum of lithium carbonate, which at full production has the potential to generate annualized revenues in excess of US$100 million

Galaxy’s Definitive Feasibility Study for Sal de Vida, completed in April this year, indicated that the project had potential annual revenues of ~US$215 million & operating cash flow before interest and tax of US$118 million. A pre-tax (Net Present Value (NPV) at a 10% discount rate, was estimated at US$645 million, representing an IRR of 23%, and a post-tax NPV at a 10% discount rate was estimated at US$380 million, representing an IRR of 19%. The Company will now focus on ensuring the right development structures and partners are in place for the Sal de Vida Project, and ensure that analysis of the project both technically and financially is disciplined in order to successfully take the project through to the construction and production phase

http://www.galaxyresources.com.au/documents/DocGXY319StrategyUpdate.pdf

http://www.asx.com.au/asxpdf/20130919/pdf/42jgc6k3m0ms8m.pdf GXY rasie further $20 mill taking total to 37.5 mill Lithium battery grade plant now producing at over 50% 8500 tonnes per month at price of $6500/6800 = $5.5 mill in revenues ATB

http://m.bbc.co.uk/news/business-24140329

The opening trades for Galaxy are marginally below what I suspected. Our shareholding remains the same though a slightly lower percentage than before. With regard to the future, we have cut spending right back and currently the Board is pursuing potential opportunities. This of course takes time as there are many opportunities but finding one that is suitable will not be easy. Once a decision has been made an announcement will be made regarding the potential investment. That is about all I can tell you at present. Thanks again for your email. Sincerely, Signatures Morris R. Hansen B. Geol, MAIG General Manager, Company Secretary & Executive Director Creat Resources Holdings Limited

Waiting for some news lol zzzzzzzzzzzzzzzzzzzzzz

2ND largest lithium hard rock mine in the world

http://www.galaxyresources.com.au/galaxy-company-video.html http://www.galaxylithium.com/documents/GalaxyRoadshowPresentationFinalSep12_000.pdf

http://www.youtube.com/watch?v=vgDGJFXU2SQ http://www.youtube.com/watch?v=kyz7wXuhPIk

CREAT RESOURCES HOLDINGS LTD 37,584,912 4.80% http://www.galaxylithium.com/corporate_capital.shtml after Cap rasing

Oh also we have a spodumene plant lol http://www.galaxylithium.com.au/documents/DocGXY134-GalaxyCommencesProductionatMtCattlin101005_000.pdf Highlights • Galaxy commences spodumene production at Mt Cattlin • Project establishment to production in a timeframe of less than 11 months • Project has been completed on schedule • Spodumene processing to ramp-up ahead of first shipment in November

REM going nuts lololol We also have a 4.86% stake in a state of the art lithium battery grade plant lololololol http://www.galaxylithium.com.au/documents/DocGXY274GalaxyJiangsuPlantAchievesEV99.9Grade_000.pdf Highlights  Jiangsu Plant produces 99.9% Li2CO3 purity lithium carbonate (EV Grade®)  EV Grade® used in electrolytes solution in lithium-ion batteries  EV Grade® commands 20%-30% price premium to battery grade lithium carbonate  Provides potential to extend market base to electrolyte manufacturers  Battery Grade (99.5% purity) lithium carbonate will continue to make up bulk of Galaxy’s sales

REM is going nuts lololol we have 4.86% stake in Galaxy resources http://www.galaxylithium.com.au/documents/DocGXY278GalaxyCompletesSDVFeasibilityStudy_000.pdf Highlights  Sal de Vida DFS confirms robust economics for low cost, long life lithium and potash project  Estimated pre-tax NPV of US$645 million at 10% discount rate (IRR of 23%)  Estimated post-tax NPV of US$380 million at 10% discount rate (IRR 19%)  CAPEX estimate US$369.2 million  Average operating costs US$2,200/tonne (net of potash credits)  Potential annual revenues ~US$215 million & operating cash flow before interest and tax of US$118 million/pa  Maiden JORC-compliant reserve estimate of 1.1 mt of retrievable lithium carbonate equivalent  Reserve estimate supports 25,000 tpa lithium carbonate and 95,000 tpa potash production  Joint venture partners to potentially guarantee Galaxy’s component of project debt financing to completion  Final investment decision on Sal de Vida to be made after Jiangsu operation is cash flow positive.