Hey mate, AGY's share of the 2 ktpa operation is 77.5%, or 1550 tpa.
Current spot rate - USD$30'600
Minus
OPEX - USD$8,000 Argentina Corporate Tax (25% applied post OPEX) - USD$5650 Argentina Export Duty (12%) - USD$3672 Argentina Lithium Royalty (3%) - USD$918
= USD$12,360 profit per tonne
USD$12,360 x 1,550 (nameplate AGY share at 77.5%) = $19,158,000
I don't see the expansion being fully funded by a battery manufacturer. My view is that the funding package will likely be a mix of debt, cap raise (through strategic investment) and pre-paid offtake.
