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Galaxy set to bank big bucks from deal with POSCO

GALAXY Resources is aiming to sell tenements to the north of its planned Sal De Vida development in Argentina to POSCO for a cool US$280 million.

Michael Quinn
A visit by POSCO to ground north of Sal de Vida could net Galaxy US$280 million.

A visit by POSCO to ground north of Sal de Vida could net Galaxy US$280 million.

The non-binding agreement is conditional on board approval from the Korean conglomerate, which Galaxy anticipates next quarter. The deal looks a big win for Galaxy given it acquired ground in the region...

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