General Discussion AGY, page-18265

Canaccord to downgrade their price target of 70c end of this/next year. You read it here first.

Of course there's odds in both favours, but it's most definitely stacked toward construction not even being finished by 2026, let alone seeing product from the 10ktpa plant.

Canaccord were probably told the same spiel that we were, about them planning to start construction on 10ktpa this year... still some carrot dangle left up their sleeves, as odds are that's out of the question.

Btw, the 2ktpa plant was meant to be quick and easy, following the the pilot plant being up and running, as described by many here. The same assumption is now circulating about 2ktpa to 10ktpa. 2,000tonnes, as mentioned by a fella on twitter, is a "commercial scale pilot plant". 10,000tpa won't be a matter of simply 'following' a proven recipe, unfortunately. It will have it's own problems/issues that will need sorting, which takes time... arguably more time than to get a 2,000tpa plant up and running.

"By the time we have first product from the 10,000TPA plant we'll also already have established buyers, so we won't sit around stockpiling like we are now."

Yes I agree. I mean, I think 10ktpa won't be until after 2026-2027, so one would hope they're selling their product well before the next 3-5 years.

IMO.