General Discussion AGY, page-12824

Another key takeaway for me, from the latest announcement(s), is this:

The process, which utilises full-scale plant and equipment, has been demonstrated to work i.e. produce BG product.

This cannot be overstated, imo.
What’s remaining, afaict,  is “simply” to get it all running smoothly so it can operate continuously and produce consistent on-spec product.

This indicates that further expansion - i.e. to the next stage 12ktpa - is “simply” essentially just a matter of time and money, once approvals are granted.

That is massive.
A massive achievement that validates the approach taken by the company to get to this point.
Forget about spending huge amounts of money defining huge resources; get the processing sorted and prove that the resource can actually be converted to the desired product with a process that is scalable. The resource will follow. The resource is the relatively “easy” part, as we were told.

Good luck to other juniors with nice shiny resources, trying to secure circa $1B on the basis of small-scale testing using equipment and processes (including very small-scale lab-work in some cases) that are not representative of a commercial operation. Not to mention a severe lack of experience and expertise to actually lead development and operations of their targeted Li brine projects.
The risks are clearly relatively massive in those cases, and imo those being asked to fund say 50ktpa “base-case” projects will not be fooled by the glitter and rainbows of “lab tests”.

Many criticised the company’s strategy of focussing on developing and proving the process as a first priority.  Well done PA and JZ for not following the herd, and doing what your experience and expertise determined as the best path forward.

In a nutshell, whilst there remains a bit of tweaking, the plant “works” and we will be continuously stacking pallets of product soon enough.
With a nice base formed around this 70c level, I suspect we might be pleasantly surprised with the sp action once those key announcements regarding expansion permits and funding eventually drop.  Then it will be: build the expansion, whilst also generating cash flow.  That is massive, and beats pinning hopes on someone dropping $1B in your lap like some other companies seem to be.

The comparison charts show the market waking up to our tangible progress over recent months imo, and this is a great sign for when the next big news lands.

GLA, especially those who have been here for years and helped to directly fund the company.
Our time is coming.


$$$$$$$$

imo
Dyor