AGY 1.22% 8.3¢ argosy minerals limited

Rincon -"Use it or lose it!", page-82

  1. 365 Posts.
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    billyen,

    You will find out the value of Argentinean Li2CO3 exports at
    https://comex.indec.gov.ar/search/exports/2017/Y/28369100/C


    These stats include both Orocobre and FMC. The average price for the year from 1 Jan to 23 Nov 2017 was US$7,396 per ton. Japan, that is mostly ORE, was US$10,379 per ton.

    As you said, there are sales around 14K but they are spot market. In China some of these spot prices reached 24K, but the norm is well below that.

    I have no idea what QQ offered. Do you trust them?

    If AGY can achieve the almost impossible and start to produce in three months, I doubt we’ll find what price they can get as their initial production will go to marketing, to show potential consumers they can produce quality. After this test, they will need to convince potential buyers they can deliver consistently. Still a few hurdles.

    Cassandra, quod nemo credivit
 
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