No mate that is our fully owned Sal De Vida South Tenements which nearly all of previous drilling/exploration has occurred. The recent feasibility study 0f 40 yr life of mine brine project did not include any findings from SDV north. Thus it can be said that some patch of land which had barely been explored was sold for 360 mil. Not Bad.
Although some would argue that it should be kept and also developed by GXY. However, this sale of the worse part of SDV means that Galaxy does not have to sell out 30-50% of the earnings of the project to some multinational company. We fully own the SDV project which CANNOT be said for any other mainstream producers/developers in Australia (please correct if wrong). For example ORE does not fully own Olaroz, PLS has sold to many companies, KDR, AJM? TAW. etc etc.
GO GXY!
GXY Price at posting:
$2.77 Sentiment: Buy Disclosure: Held