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3.40%

$2.84 galaxy resources limited

No doubt they need to increase recovery rates to 75% ASAP.

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goofy

4,188 Posts.

29

24/04/18

14:19

Post #: 32658010
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Originally posted by asb83 ↑

I read that analyst report too. It's scary that an analyst knows so much intimate detail about GXY's mining. Short sellers were on the ball knowing that the new area being mined had a high strip ratio and low grades. More worrying is that the analyst said that the next 3-4 quarters will continue to have high strip ratios, so the cost per tonne is going to remain high for the next 12 months

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No doubt they need to increase recovery rates to 75% ASAP.

GXY Price at posting: $2.86 Sentiment: None Disclosure: Not Held
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