"If they had enough money they could continue running either plant or both and producing more powder. "
don't think so Sdaji, at the current lithium carbonate price and such a low economies of scale at 2,000 tonnes it would not be economical to do so even at a grossly optimistic presumption of 100% nameplate. If they had the money they would still not do it, you'd be doing it at a loss.
also politely - i don't agree with your suggestion of making another pilot plant. See the following from the latest quarterly where essentially they're saying they're going to redesign the flow and engineering, and then they're going to "conduct testing and assessment works to validate the process improvements and further optimise the process flowsheet via ongoing appraisal and analysis". this will be to reduce execution and technology risk.
To be fair - I don't think you're compleeeetely off the mark on your suggestion, i think they will need to make some modifications to the existing 2,000 plant to provide the verification works on the new design but not necessarily shell out for a whole brand new pilot plant.
Paragraph from March 31 2025 Quarterly:
The Company is progressing the feasibility and engineering works scope and will further engage with specialised international engineering services providers to support the upcoming phases of material works towards the 12,000tpa execution phase.
These works involve working with international consultants to review and refine the process design, optimise and enhance the process flowsheet, ensure the technical and economic assessments are thorough, and integrating these works to deliver an efficient and robust technology and production process.
The Company will conduct testing and assessment works to validate the process improvements and further optimise the process flowsheet via ongoing appraisal and analysis, to substantiate our process technology robustness to support an FID.
The works are targeted toward reducing execution and technology risk, and provide surety to stakeholders that the Rincon Project can be constructed and operated profitably
AGY Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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