Ann: Rincon Lithium Project Update, page-367

There must be some value left in Puna Mining which AGY holds a 77.5% interest. RIO paid $825 million for the neighbouring Rincon lithium project. Puna has a MRE which would be useful to RIO. They have approval for 12,000 tonne per year LCE production which again would be useful to RIO, it's going to take at least 2 years for RIO to get such an approval. They've got a partially functional processing plant, again useful to RIO. With AGY's market cap only $50 million now, RIO would be silly not to open the petty cash tin and fast track their Rincon ambitions.