Was just checking out a news article on the Galaxy forum which indicates that the lithium price agreed for the 60,000 tonnes was $600USD
Today, that is worth just under $800AUD and in total just under $50 million AUD
In the announcement it indicated that a payment of $18 million USD would be made by the 31st of March. -That is the equivalent to just under $24 million AUD which is a tidy sum for an upfront payment.
Should we be expecting an announcement next week to advise that the money was received?
News article: http://www.scmp.com/business/compan...resources-reopens-lithium-mine-chinese-market
Announcement: http://www.galaxyresources.com.au/media/announcements/435ntnpygd96pt.pdf
