AGY 4.17% 12.5¢ argosy minerals limited

AGY - Scaling up

  1. 1,349 Posts.
    lightbulb Created with Sketch. 1802
    Hey guys,

    Saw this from a chemical engineer and thought I would ask what you guys think about this here:

    "The management is good at AGY. Hard to scale resource though, the quality is low. The number of transfer ponds, halite ponds, sylvinite ponds and carnallite ponds will have to be immense, both in size and quantity, to compensate for the low lithium concentration when you go above 10,000t/pa.

    This diagram explains the process - to scale AGY past 10,000t/pa will be an item of massive capital expenditure for all that ponds compensating for the low lithium concentration:

    https://hotcopper.com.au/data/attachments/3425/3425603-36a9932a30118faf2780a419cce62fa1.jpg

    It's easy to get samples out - different story to scale with low resource quality. I would love to see their DFS. Getting finance without DFS is super rare from a chemical specialty mine"

    Just asking the question guys - would love to hear you feedback.
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
12.5¢
Change
0.005(4.17%)
Mkt cap ! $182.5M
Open High Low Value Volume
12.0¢ 13.0¢ 12.0¢ $141.8K 1.132M

Buyers (Bids)

No. Vol. Price($)
14 520181 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 762260 23
View Market Depth
Last trade - 14.54pm 07/05/2024 (20 minute delay) ?
Last
12.5¢
  Change
0.005 ( 4.17 %)
Open High Low Volume
12.3¢ 13.0¢ 12.3¢ 1233861
Last updated 14.53pm 07/05/2024 ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.