Forget about ECE. No way will shareholders hand over 20% of GXY to ECE for 40-50c now. As far as placements go - enough is enough. If Argentina wants Sal de Vida developed quickly then they can get their banks to loan GXY the money.
I reckon moorookamick is correct. It depends entirely on how much Li2CO3 EV Plus Grade the plant produces (99.99% Li2CO3 sells for a much higher price).
http://www.galaxyresources.com.au/product_specifications.shtml
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nice little run, page-7
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