AGY 2.27% 8.6¢ argosy minerals limited

Ann: Argosy Upgrades Rincon Lithium Project JORC Resource, page-29

  1. 2,452 Posts.
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    COOL! wink.png Have I got this right? Price of Li2CO3 from eg here https://do not advertise external sites/Article/3824967/GLOBAL-LITHIUM-WRAP-Chinese-battery-grade-lithium-carbonate-prices-extend-downtrend.html is ~US$14,000t, close enough to A$20k/t. Thus ~250,000t Li2CO3 x $20,000 = A$5,000,000,000 = 5B Aussie $$$ !!!!

    Somehow me thinks that a MC of $230M for a company that sits on a proven and open $5B resource with a proven cost effective process to extract it and turn it into up to 99.9% BG Li is a bit light on... tongue.png 
 
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