sdv dfs supports low cost, long life lithium a, page-5

To sell gxy down on this announcement the market is either comprised of a bunch of dorks or someone is deliberately ramping gxy down for a takeover!

According to the DFS the Sal de Vida project is to be entirely funded by the JV partners as part of the farm-in deal to earn their 30%. So Galaxy does not have to pay a single cent to earn its 70% share of the estimated US$645m p.a. profit. (To these guys $369m is peanuts!)

Galaxy's partners in Sal de Vida, KORES, LG International and GS Caltex, ("Korea Consortium (KS)") funded US$15 million towards the Pre-Feasibility Study (PFS) with a farm-in option to earn a 30% interest in Sal de Vida. The Korea Consortium has earned 4% of the Project to date but has 90 days on completion of the DFS to exercise the option to earn the full 30% interest. If the option is exercised, the Korea Consortium will provide a project completion guarantee for Galaxy’s portion of project debt financing until completion, and use commercially reasonable best efforts to obtain project finance.