2nd Brine Producer On ASX?

Once AGY completes the currently under construction & fully funded 2,000tpa production facility, Does that officially make the company the 2nd Brine Producer On ASX?
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Argosy Minerals are aiming to be a 10,000tpa High Purity/Battery Grade Lithium Carbonate Producer
-Successfully shipped 20metric tonnes of >99.5% High Purity Battery Quality Lithium Carbonate Product to Korean Chemical Company (Y.N Chemical Co. Ltd)
-Owners of the Rincorn Lithium Project, Salta Province, Argentina
--(Currently 77.5% Interest, Increasing to 90% Ownership upon development of 10,000tpa operation)
-Owners of Tonopah Lithium Project (100% Ownership)

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The Lithium Carbonate Pricing has seen a good push to the upside & i would like to think it will continue to do so in the future as now the realisation of Battery Tech/Electric Vehicles is truly being realised.

-Note this chart represents the pricing months back & doesn't even take into account the recent movement of which many of the major's made new all-time-high's (ASX Tickers: GXY , PLS, AVZ, LTR, CXO)



We've all seen recent new's about Biden Administration wanting to make EV's aswell as the Infrastructure plans which only bodes well for the Lithium/Battery Mineral Sector





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So we know AGY is currently underway with construction of the 2,000tpa plant facility.
-They are now requesting approval for 10,000tpa moving forward
-PEA Numbers from AGM Presentation, look quite positive with quick pay-back periods & healthy margins
-There has been criticism in the past that the LOM (Life Of Mine) is low (Currently Rated @ 10Yrs @ 10,000tpa)
-But there is still much more exploration upside as mentioned in the AGM Presentation which people are forgetting about
-So rather than focusing on continued exploration to increase LOM, focusing on fast-tracked production so when the $$ from sales comes in, exploration can be continued without dilution to the company?






"JORC Exploration Target of additional 262,000t - 479,000t"

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Why I personally think AGY is in a better position than ever?
-We have seen the strong government support previously (Snippet above also shows)
-Now Argentina is one of the countries worst hit by Covid (Sadly), so with more debt and inflation than ever the royalties/income they will receive from AGY will certainly help the economy IMO
-News Article: "Argentina tries to export it's way out of economic crisis"


(Source, Click Here)


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In my opinion the only way i can see these application's get knocked back generally in the mining sector could be from either:
(1) Bad Environmental Impact
(2) Bad Jurisdiction
(3) No proven process

How about i just leave snippets to answer those 3 potential concerns, i won't even bother going into depth
1) Bad Environmental Impact


2) Bad Jurisdiction



3) No proven process




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So far the snippets/information above lead me to believe AGY has a bright future ahead if they can continue to deliver on what they're able to already do at a larger scale.
-Their pilot plant has successfully proven AGY's proprietary technology as they were able to produce +25t of battery quality lithium carbonate at >99.5%?
-Government seems to want AGY to succeed?
-Argentina country in dire need with AGY in prime position to help economy ?
-Low Footprint?
-Good PEA Numbers?
-Life of mine strong with much more explorational upside?
-They have Mitsubishi Corporation Sales Agreement
-Several other groups interested to an extent where "such parties strongly requesting formal cooperative arrangements" (Snippet Below)??



Above shows "various off-take propositions from European and Asian lithium carbonate product end-users" i would like to think if this all comes together AGY could truly be huge.

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Don't forget there are other Majors out there, Livent being one of them & their market cap truly shows you their worth & that this space has lots of potential.


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I will leave it at that, there's so much that I've missed out on & I'm hoping others can add to this also.



-Please Note: This post is entirely my opinion only & my interpretation only. It is NOT financial advice by any means. I am happy to be corrected if i am wrong in any comments/opinions made-