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1.22%

8.3¢ argosy minerals limited

Speaking of water....DYOR!

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13,730 Posts.

8339

17/07/23

14:17

Post #: 68824757
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Originally posted by Stockrailed: ↑

AGY ponds are not ready to produce such volume - Ponds take about 18 months to dry up enough to extract the lithium deposits, hopefully AGY in next monthly update gives us current photos of ponds.

1 Tonne a month is a start, but way off the 166 required per month for the 2000TPA.

Water is a serious issue for production, hasn't been mentioned a lot in these forums, but AGY says the use low water volume, not sure exactly compared to what as there are a only a few brine operators in production.

The 3 year plan for 2T production is about right, brine production is not like hard rock like PLS - just digging it straight from ground.

Every shareholder needs patience and cross all fingers Government approval for EIS otherwise it's just a family operation.

For now, a buy under 40c.

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Speaking of water....

DYOR!

AGY Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.3¢		Change 0.001(1.22%)		Mkt cap ! $120.8M

Open	High	Low	Value	Volume
8.3¢	8.6¢	8.2¢	$51.68K	619.9K

Buyers (Bids)

No.	Vol.	Price($)
4	112262	8.2¢

Sellers (Offers)

Price($)	Vol.	No.
8.3¢	2703	1

View Market Depth

No.	Vol.	Price($)
4	112262	0.082
5	188250	0.081
6	302048	0.080
5	180670	0.079
4	465240	0.078

Price($)	Vol.	No.
0.083	2703	1
0.084	58430	1
0.086	58823	1
0.087	100000	1
0.088	70000	2

Last trade - 16.10pm 17/07/2024 (20 minute delay)

AGY (ASX) Chart