Ann: Quarterly Activities Report, page-27

“Galaxy is advancing project development at Sal de Vida as a priority. Galaxy’s strong financial position allows it to be able to substantially fund Sal de Vida stage 1 internally.”


So looks like Galaxy will do stage one without any dilution as the capex can be funded 100% internally
taking the capex figure of 470m taking away potash circuit and dividing in 3 stages means galaxy can 100% go about this stage 1 alone.

production of carbonate this quarter

A lot faster than LAC. Cashflow will help galaxy expand to stage 2 etc.


not advice