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clock Created with Sketch. 03/05/19
10:26
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Originally posted by TheGekko
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The Investor Presentation's cautionary statement should be adhered to by all AGY shareholders. Here is one fact that should be taken up with AGY management for clarification. I have always doubted the evaporation pond space that AGY claims it will need to produce 10,000 tonnes per annum LCE and having compared estimated evaporation pond space for Galaxy's Sal de Vida Project, LPI's Maricunga project and AGY's Rincon project tells me that someone is way off with their calcs.REAL numbers. Evaporation rates and process efficiency will not account for such a difference.
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I don't understand, how can LPI say they can produce 26.7 tonnes per hectare when GXY will produce 20.8 tonnes per hectare? Surely they all do exactly the same process and have exactly the same conditions. Something doesn't add up, LPI must have fudged those numbers. God knows how AGY came up with their numbers, maybe they based it on real life or something, crazy.
