General Discussion AGY, page-5963

maybe my maths is off poohbear
i think closer to 20t to convert 1t of batt grade
max supply capacity 40,000t 6% per week
40,000t x 52 weeks = 2,080,000t at 6%
2,080,000t x 0.06 = 124,800
prob closer to 100,000 after a 20% loss through processes.
this is at absolute max capacity and probably closer to half this as we where pumping it out with max pressure from management using a pc7000 one 3600 hitachi and two 2600’s loading 789’s, 777’s and a couple other beasts about 4 years ago. we where the first company to ship dso to china and this mine alone i think flooded the virgin market and dropped prices to a low that put wodgina on standstill.
i was invested in agy then and still am to my horror i was actively lowering my investment price while obviously making money from my career at the same time lol.
i think as gcar has said we are in new wave of the market which is difficult to predict i hope wodgina doesnt have the same affect on the market as before because iam heavily invested in agy. personally i think gcar is correct as now in the dawn of new technologies and a massively growing sector of ev and many more battery demanded technologies we will continue to have upwards trends in batt grade lithium prices for at least another 5-10 years!
as said before go the argosy team! may we be fruitful in our endeavours will surely make life a little easier financially