LPI vs AGY - for the egocentric, page-86

Its called structuring a debt and equity package to fund the plant. Something AGY could not achieve because it was not bankable (no DFS, no EIA and no resource).

Off course there will be some dilution of LPI as part of an equity funding component, but even if LPI were diluted 100% this company would still have a much, much smaller SOI than AGY and then AGY has to dilute gain to fund the 10k plant (if it ever gets there).

And dont tell me you can fund the 10k plant from the 2k pilot plant. That is a load of bollocks. God only knows what the cost per tonne would be for scale of that magnitude. There is sweet FA economies of scale at that level of output. Financers will want to see a completed DFS, EIA, certified EGS and project permits and approvals before it touches anything. And AGY still does not have approval to drill below 100 metres at Rincon.

Talk about people in glass houses.