AGY 2.63% 3.9¢ argosy minerals limited

Ann: Rincon Lithium Project - Maiden JORC Mineral Resource, page-188

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  1. 4,263 Posts.
    lightbulb Created with Sketch. 2148
    Notepad figures are giving me a US$2.49B in profit potential from this 207kt resource. This is at a US$4.5k/t cost base and a sell price of US$16.5k/t

    IF they dropped the drills down to 202m and we maintained the same weighted average then I get figures back around US$4.9B in profit potential

    Add in more land which we know they are eyeing up bumps these figures up again. Add in recharge rates from the fractured halite and this bumps these figures up more.

    Basically, We have more than enough resource for our project.

    Upcoming Announcements (no particular order);

    Stage 1 Process Plant Production Results
    Shallow Halite Drill Results
    3 x at depth Diamond Drill Results
    Resource Expansion (likely)
    Pre Economic Assessment
    Stage 2.2 Pond Construction Updates and Completion
    Stage 1 Offtake
    Stage 3 Funding
    More land

    GL AGY'ers
 
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