If you were looking at lithium development projects in Salta Province and hadn't heard of either project, and you objectively just studied the key points, you'd see this:
Project 1 (AGY) 0.245Mt resource Doesn't have environmental approval Construction of main plant (10ktpa) yet to commence No offtake/strategic investment 12ktpa ramp-up by 2027/2028 Pathway to 25ktpa sometime in the 2030's
Project 2 (Eramet) 10Mt resource Has environmental approval Construction of main plant (24ktpa) underway with 1200 workers on site USD$400m pre-paid offtake/strategic investment with the world's largest mining company 24ktpa ramp-up by 2025 Pathway to 75ktpa sometime in late 2020's
Setting aside your love affair with AGY, and your obvious bias against DLE, you're right that one project looks slapped together. But it's not Eramet.
AGY Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
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