TER: How do you plan to raise that money?
AT: We've already had discussions with Chinese banks active in Argentina, such as the Industrial and Commercial Bank of China (ICBC) and China Development Bank Corp. (CDB).
We believe Sal de Vida can probably be financed on a 60–70% debt-equity basis. That leaves the equity component being required of only $40–50M.
We own 96% of Sal de Vida and have had proactive discussions with potential joint venture (JV) partners to raise equity at the project level. Selling a stake to a JV partner would give us the capital to advance it to production.
We do not plan to return to the equity markets.
https://www.streetwisereports.com/pub/na/16550
More top secrets and lies that I spread are available in the above link which is an interview that Anthony Tse gave last year. It was many months prior to Lithium going through the roof as you will see in the conversation of which will probably change that debt to equity component.
I am not sure if you are aware but the report you are referring to and of which you have misinterpreted was written by a third party and not Galaxy Resources. Also, I don't know if you are aware but Mt Cattlin isn't a charity organisation and does intend to and will have income. It is a partnership between GMM and GXY. 50/50 that's a partnership. Walking side by side. The two companies even set up an alliance quite some time back for other projects.
You really need to DYOR
Thanks for the laugh at your expense.
