AGY 2.50% 3.9¢ argosy minerals limited

Benign Banter & Price Predictions, page-5991

  1. 864 Posts.
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    If anyone is unsure about what the next 12-18 months holds for AGY.

    Consider that we know PA has produced Battery Grade LCE from RINCON (tonnes of it, not little kilos)
    Have a look at the land that we have got acquired and the area that is designated for Stage 3.
    Have a look at what ORE have been able to do on lower grade industrial lithium. They are reducing debt and increasing their share price.
    We have no debt. We have the land. We have years of info confirming that their is lithium in this pond (now appears more than we assumed)
    Stage 3 land.png
    Rincon evaporation ponds plan.png

    All this will be derisked once the stage 1 plant is completed and starts rolling out battery grade. I try not to draw comparisons with ORE, but it is hard to ignore that they were $3 six months ago and are now $6.70!!

    Stage 2 is a very good chance to be bypassed here, with no debt, as George has pointed out. We upped the size of stage 1  from 15ot to 500t, IMO just so we could be certain to show the punters that we have the ability to scale up.
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