2034 GMT [Dow Jones] Galaxy Resources (GXY.AU) shares will continue to star,
as the lithium miner has several catalysts on the horizon, Canaccord Genuity says. "The most material of these being an update on funding for Sal de Vida and a final investment decision for the project (both expected in 1H FY17)," says Canaccord, which rates Galaxy a buy. A JV at the US$376 million Sal de Vida
project in Argentina is preferable, Canaccord says, as it potentially negates the
requirement for additional debt/equity. The brokerage, which assumes Galaxy sells a 15%
stake in Sal de Vida to a JV partner,
GXY Price at posting:
42.3¢ Sentiment: Hold Disclosure: Held
