“Jiangsu will need to reach the point of being consistently cash flow positive and on a sustainable basis prior to full scale commitment to Sal de Vida development. The Company’s upmost priority is to ramp-up the Jiangsu Plant, but the background work for the Sal de Vida needs to happen in parallel. It is a very important development for the Company.”
and
Galaxy is completing a Definitive Feasibility Study (“DFS”) on the Sal de Vida project and will update the market on its progress in due course.
GXY Price at posting:
16.4¢ Sentiment: None Disclosure: Held