Nice chart. I added some projected OPEX figures for AGY to give us a clearer picture of their position on the cost curve. AGY's latest OPEX projection for Stage 3 is US$7,500 per tonne, which I've marked with a blue line. This places Rincon Stage 3 higher on the cost curve than some Australian spodumene operations.
As for Stage 2, while it's uncertain, projecting an OPEX figure below US$10,000 per tonne seems incredibly optimistic. A range of US$10,000-$12,000 per tonne, indicated by the pink box I've added, appears more realistic. This would position Rincon Stage 2 (2000 ktpa) outside the "green zone","roughly aligning it with the economic viability of Tibetan brine.
AGY Price at posting:
8.7¢ Sentiment: None Disclosure: Not Held
