General Discussion AGY, page-8609

Why would one produce a DFS when one has an ongoing concern with REAL world figures

Yes that's it in a nutshell and it's also why its unlikely IMO any finance arrangement will happen untill the plant is up and running at steady state hence dealing with real world figures including up to date construction and running costs estimates.

I doubt a Bank would lend without a DFS but the company has no intention of using Bank debt.

As I've mentioned before the best outcome IMO would come from a drawdown facility made avaliable from the offtake/ or strategic partner that can be used as required. Its possible with some equity input, current cash and earnings over the next 2 years the facility may not even be used and become self funded but a backup is needed.

Pre payment is the other option they are looking at but that would be at a discount so would be my second choice.

However the companies main priority is a strong partner going forward so there will be some tradeoff based more around tge longterm and expansion.

The current firm shareprice and Lithium price makes the case for more equity and less obligations quite compelling...

In the meantime we can sell into the spot market.

Cheers Whisky