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4.2¢ argosy minerals limited

Ann: Rincon Lithium Project - Progress Update, page-72

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tezza9

272 Posts.

32

11/12/23

18:09

Post #: 71390127
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Originally posted by thecrabpest: ↑

Like I said in a previous post.

Cooking dinner for yourself and 3 friends is easy.

Cooking for 40 people is SIGNIFICANTLY harder.

AND THEN scaling that to 400 people is a very different proposition entirely.

And that is exactly what the situation is here.

The pilot plant did not hit nameplate.

The best production number I am aware of is a 20t increase in a single month (happy to be corrected) - which gives us a current best guess estimate of ~240tpa.

The current 2,000tpa plant needs to scale 8x - almost a full order of magnitude to hit nameplate.

The subsequent 10,000tpa and 20,000tpa plants are almost 50x and 100x beyond what we are currently producing.

Anyone who thinks sorting out this issue and hitting 2ktpa creates a clear path t0 10ktpa and eventually 20ktpa has rocks in their head.

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So why you here?

AGY Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
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