Apparently, the annoncement 2 days ago regarding possible realisation timelines has caused some confusion.
Here are the essential clarifications: * the production readiness of the 2,000 tonne plant is not to exceed the period of 2 years (from "Announcement"). * the planned 10,000 tonne plant is to be built afterwards, subject of course to feasibility, financing, the then prevailing market conditions and the necessary development work on Rincon (LOGICAL!) * All relevant data from past publications, especially from: "Argosy delivers exceptional PEA results for Rincon Project" report dated 28 November 2018 continue to apply. * the 2K plant is said to have been designed from the outset as a modular unit for the planned 10K plant.
All sounds like additional confirmation to me. IMO
Outstanding to me: * the money is finally raised, it can be built (was the ABSOLUTE primate!, MILESTONE). * the already rising carbonate prices (which will continue to rise significantly in the future IMO) will further improve all economic data (especially profit of course, that's what all this is made for... ) * AGY thus maintains its lead over all other juniors in this field, some of which are still very far from producer status. * The commercial pilot plant that continues to be operated ensures steady, further income and, above all, BG material (!) that can be presented to additional interested parties (I'm thinking primarily of Europe and the USA).
We have glorious times ahead of us. We are LITHIUMBATTERYGRADEPRODUCERS
DYOR Greetings from Old Germany Greenfoxi
AGY Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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