Ann: Rincon Lithium Project - Maiden JORC Mineral Resource, page-191

Did you just go ($16.5k/t-4.5k/t)*207kt to get $B2.49 revenue?

I don't know if you seriously don't know this or what...

This 207K is in the INFERRED category representing the lowest resource confidence. This is NOT a JORC reserve!! AGY would need to be really optimistic with their PEA to assume 40k tonnes can be converted in the form of end product which is let me do the maths $480M potential revenue to be earned over 4 years period (so a discount factor needs to be applied), and don't forget the plant will cost upwards of 160M....


I honestly thought AGY would be able to pull something better than this, at least something in the measured and indicated category, but nothing. Sorry all my previous calculations based on 500k JORC are forfeited, now I am absolute certain the NPV will come in lower than the current market cap.