A$300m plus is out of the ball park? Based on what mate, the vibe?
Arcadium's Sal De Vida Project (Stage 1) is a 15 ktpa traditional evaporation pond project in Argentina, and its budgeted CAPEX is US$374m, or A$576m. Even if we crudely (and favourably for AGY) just apply the two thirds rule to account for the smaller project size of Rincon, that still results in a CAPEX estimate of US$247m or A$380m. Rincon Stage 3 CAPEX will absolutely be north of A$300m, and more than likely landing somewhere between A$400-500m.
Some of the nonsense being posted here is just getting beyond belief. The AGY threads are where facts go to die.....
AGY Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
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