this is straight from the gxy website circa june 2013.....it aint worth zero......The Sal de Vida (Salt of Life) deposit is one of the world’s largest and highest quality undeveloped lithium brine deposits with significant expansion potential. In April 2013, Galaxy released a Definitive Feasibility Study (DFS), completed on schedule and within budget, which supports low cost, long life lithium and potash operation.
The DFS estimated a pre-tax net present value of US$645 million (US$380 million post tax) at 10% discount rate. Sal de Vida has the potential to generate total annual revenues in the region of US$215 million and operating cash flow before interest and tax of US$118 million per annum at full production rates.
Galaxy has also considered low cost, scalable development options at Sal de Vida. The options targeted have an initial capital investment limited to US$100 million and output of saleable product within two years of construction commencing. All development options consider modular designs, providing the flexibility to add units and scale up to the capacity of 25,000 tonnes per year of lithium carbonate and 95,000 tonnes of potassium chloride.
A maiden JORC-compliant Reserve estimate of 1.1 million tonnes of retrievable lithium carbonate equivalent and 4.2 million tonnes of potassium chloride (potash or KCI) equivalent supports total annual production over a 40 year period.
The DFS supports the development of Sal de Vida, which when completed, will include evaporation ponds, a battery grade lithium carbonate plant and a potash plant.
The Sal de Vida Project is located in north-west Argentina in what is known as the ‘Lithium Triangle’, home to more than 60 per cent of the world’s annual production of lithium from brines in the Salar de Atacama and the Salar del Hombre Muerto. The Salar lies approximately 1,400 kilometres north-west of Buenos Aires at an altitude of 4,025 metres. The property is accessible from the city of Salta via an all-seasons road, and there is a major powerline 115 kilometres away.
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