AGY argosy minerals limited

Ann: Additional Tenements Expand Strategic Landholding at Rincon, page-49

  1. 3,299 Posts.
    lightbulb Created with Sketch. 1700
    Love the enthusiasm, but as others have pointed out the land is barely useable.

    RE 'MRE upgrade', you'll have to be realistic about it. If they were to eventually upgrade the MRE, it won't be until way down the track, if ever. They haven't even produced the upgraded feasibility study which was meant to be completed in 2023 I believe.

    I have a niggling feeling that this ann was meant to deviate people's attention away from the project update (call it the cynic in me, but they've been known to use this little trick in the past). We don't even know if they can produce more than 20t per month yet (and on a consistent basis)... grades seem to have dropped with the continual omissions, but not less than 95.5% battery thankfully. Immediate focus should be on the key milestones - exponential production ramp up / 10ktpa engineering reports (only because apparently the offtake hinges on them) / offtake and financing. Throw in the upgraded feasibility study for good measure, as I believe this is likely critical to obtain whatever financing they can get.

    GLTA
    IMO DYOR
 
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