General Discussion AGY, page-5984

@kimho22

As above, you need to be careful with Li₂O vs Li₂CO₃ vs Li.

"2% spod" contains 2% Li₂O

Your example:
"Resource up to 724,000t of Li₂CO₃ equal to 712 Millions tons of 0.8-1.2% of the other companies declared in ASX"

724,000t of Li₂CO₃ = about 136,000t of Li metal

136,000t of Li metal = about 293,000t Li₂O

If that is a spod resource with 1% Li₂O, then the resource is about 29.3Mt spod

Your example of a 16.2Mt spod resource, if we assume the avg grade is 1% Li₂O and therefore contains 162kt Li₂O, would equate to about 400,000t Li₂CO₃.


AGY's current resource of about 245kt LCE is equivalent to a 1% spod resource of about 9.9Mt.
NOTE: recoveries etc vary between these types of operations, but these figures can be used as a rough guide imo.

The key point imo is that Pablo estimates we can extract about 10ktpa for 16 years, AND we are expecting to double or triple the resource estimate through deeper exploration, allowing for increased mine life and/or increased annual production capacity.
Our current production target is 12ktpa; run some basic revenue/margin estimates on that and you will see that we will have PLENTY of $$ (and time) to increase our resource base (deeper and/or broader) as and when required!!
Imagine what happens if/when we push it out to 22ktpa. In round numbers, a doubling of our resource would enable this production for almost 15 years. Do some maths - even rough maths - and you will note the upside is massive ...IMO!


Here's a handy conversion chart you might want to save somewhere for future reference:




Hope that helps.
Please double check - happy to be corrected !

Cheers
GCar