" Canaccord says the updated definitive feasibility of Galaxy...

" Canaccord says the updated definitive feasibility of Galaxy Resources' (GXY.AU) Sal de Vida lithium carbonate project has cemented the viability of the 40-year operation. Capital costs are largely unchanged at US$375M, but output costs have risen 35% to US$2,959/ton of lithium carbonate equivalent. Higher costs reflect a softer outlook for potash prices. Galaxy now expects a potash price of US$220/ton. In contrast, Canaccord had assumed production costs of US$2,360/ton of lithium carbonate equivalent, which assumed potash pricing of US$380-US$550/ton. "While production costs have risen on the back of lower by-product pricing, a strong, long term outlook for lithium prices supports the development of what we see as one of the best quality (and most advanced) lithium brine projects globally," Canaccord says. The broker trims its price target by 7.7% to A$0.60. GXY last traded at A$0.395"