GXY 0.00% $5.28 galaxy resources limited

Hi @airconditioner and @Thesi , I found this on the 20160919 ORE...

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    Hi @airconditioner and @Thesi , I found this on the 20160919 ORE Fin Year statement. I am assuming Galaxy has to cross through ORE's property to gain access to the Salar. Page 22 of 110. They want 1 million dollars from all parties including Galaxy. Do you read this as a 1 of payment or a yearly access payment? I understand it to be a yearly payment.
    You might use this in your costings for SDV
    Cheers stakx

    Properties
    Borax Argentina also owns the tenure on all or parts of the lithium projects being progressed by other lithium
    exploration companies, including Lithium Americas Corporation Ltd. (TSX:LAC) at Salar de Cauchari, LithiumX (TSXV:
    LIX)/Aberdeen (TSX:AAB) JV at Diablillos, and Galaxy Resources Ltd (ASX:GXY) at Sal de Vida. As one of the
    conditions to extract brines, these companies are required to make payments to Borax Argentina either as fixed​
    annual payments or a royalty related to production. The terms of these agreements are detailed below.
    Galaxy
    Resources
    Sal de
    Vida 1,100 6-Jan-10
    Exploration
    and
    Usufruct
    None 1.0% Indefinite
    Royalty can be
    purchased by
    Galaxy for​
    $1,000,000.
 
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